Kavango Resources plc has raised, in aggregate, £247,000 via subscriptions in the UK and in the USA for a total of 24,557,448 new ordinary shares at £0.01 per share. TVRs On 10 October the company raised £150,000 via a subscription for 15 million new ordinary shares in the UK. An additional US$129,035.24 (£97,000) was raised through […]
Tag: UK
Baron Oil exits UK
Baron Oil plc has exited the UK after failing to secure new North Sea blocks in the 33rd licensing round and the earlier relinquishment of the Dunrobin-Golspie joint venture licence. Chief executive Dr Andy Butler said: “We can now focus all our attentions on our core area of SE Asia, where we have an exciting […]
Europa losses widen as it offloads licences
Europa Oil & Gas (Holdings) announced a pre-tax loss of £5.4 million compared with £0.7m in 2019 including write-offs taken following the company’s relinquishment of its Irish licences. In its final results for the 12 months ended 31 July 2020, the hydrocarbon company with interests in the UK, Ireland and Morocco also announced pre-tax loss […]