Borders & Southern Petroleum plc has raised £200,000 through the issue of 4,210,526 shares at 4.75 pence each in a retail offer “almost three times oversubscribed”. SOUTH FALKLAND The funds raised add to the company’s placing and subscription last week, taking the total to £2.2 million. Following admission, Border’s total number of ordinary shares in […]
Tag: oil and gas
Corcel notes start of workover on IRAI
Corcel plc said that a workover had started in the EI-1 well on the IRAI gas field located in the state of Bahia, onshore northeast Brazil. PROMISING Field operator Petroborn Óleo e Gás S.A’s work is part of a two-well workover programme. Corcel holds an option to acquire an interest in the field, which lies […]
Borders raises £2m via placing-subscription
Borders & Southern Petroleum plc has raised gross £1,860,000 via a 3% discounted placing of 39,157,895 new ordinary shares and £140,000 through a subscription for 2,947,368 new ordinary shares. DIRECTORS The placing, at 4.75 pence per share, is with “various UK and European institutional investors”, directors, management as well as existing and new sophisticated investors. […]
Helium One JV spuds Jackson-31 at Galactica
Helium One Global Ltd’s joint venture has spud the Jackson-31 well at the Galactica helium development project in Las Animas County, Colorado, USA. LYONS Operator and partner Blue Star Helium is currently preparing to drill intermediate hole section “The shallow conductor section has been set, and the BOPs [blowout preventers] are now being installed and tested […]
Predator to boost production on Challenger deal
Predator Oil & Gas Holdings plc aims to increase production following its agreement to acquire all the Trinidad and Tobago assets belonging to Challenger Energy Ltd. SNOWCAP The purchase, for up to US$8 million, of Columbus Energy (St. Lucia) Ltd includes its business, producing interests and operations’ subsidiaries. Assets include the three producing fields of […]
Corcel raises £2.7m from strategic investors
Corcel plc has raised £2,717,000 via the issue of 1,698,125,000 new ordinary shares of £0.0001 each at a 6.7% premium price of £0.0016 per share. TVRs The fundraise is with strategic investors with “significant” experience in the oil and gas sector. Each investor will receive one warrant for each placing share to subscribe for one […]