Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLGO.L Share News (LGO)

  • There is currently no data for LGO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LGO Energy Down After Raising GBP4.3 Million In Discounted Placing (ALLISS)

Tue, 24th Feb 2015 08:18

LONDON (Alliance News) - LGO Energy PLC shares were trading lower early Tuesday after the company said it has raised GBP4.3 million in a discounted share placing.

The oil and gas company said it has issued 172.8 million shares at 2.5 pence per share. Shares in LGO were down 11% to 2.79 pence on Tuesday morning, one of the worst performers in the AIM All-Share.

The proceeds from the placing are to be used to provide working capital in order to meet the liquidity requirements of one of its lenders, to back the development of its Trinidad and Spain assets and to back any further investments, the company said.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
7 Dec 2015 08:20

LGO Energy Starts Strategic Review As Tabaquite Deal Terminated (ALLISS)

Read more
4 Dec 2015 10:24

LGO To Issue GBP900,000 Worth Of Shares To Repay Creditors (ALLISS)

Read more
26 Nov 2015 12:42

LGO Energy Agrees Early Termination Of Pre-Paid Swap Agreement

Read more
26 Nov 2015 12:31

LGO Energy rebounds after agreement with bank

(ShareCast News) - Trinidad oil developer LGO Energy has agreed to reduced repayment terms with its bank that will allow it to maintain its oil production operations after an unusual drilling accident. The AIM-listed company and BNP Paribas have agreed to an early termination of old pre-paid swap ag

Read more
3 Nov 2015 12:13

LONDON MARKET MIDDAY: Prices Mixed As Standard Chartered Shares Sink

Read more
3 Nov 2015 10:34

WINNERS & LOSERS SUMMARY: Liberum Downgrades Hit Housebuilders

Read more
3 Nov 2015 09:38

LGO Energy Hires Advisers As It Looks To Address Funding Problems

Read more
19 Oct 2015 11:10

LONDON MARKET MIDDAY: Mixed Chinese Economic Data Lead To Mixed Market

Read more
19 Oct 2015 09:24

WINNERS & LOSERS SUMMARY: Shire Shares Off After US Approval Setback

Read more
19 Oct 2015 09:11

LGO Energy cash runs dry after drilling misshap

(ShareCast News) - After a costly drilling accident, oil explorer LGO Energy has been prevented from accessing more cash from its bank facility as it has breached its covenants. The AIM-listed company last month reported that well GY-678 in the Goudron Field offshore Trinidad, the last of seven deve

Read more
19 Oct 2015 06:41

LGO Energy Suffers Financial Setback From Stuck Pipe In Well GY-678

Read more
12 Oct 2015 08:50

LGO Energy Completes Acquisition Of 25% Stake In Beach Oilfield (ALLISS)

Read more
5 Oct 2015 09:19

LGO Energy raises 1m pounds for Trinidad businesses

(ShareCast News) - LGO Energy has raised £1m before expenses through the placing of 111.1m shares at 0.9p per share. The company said the funds will largely be deployed as additional working capital in LGO's Trinidad businesses including initiating work on the recently announced Goudron Sandstone pr

Read more
5 Oct 2015 07:51

LGO Energy Raises GBP1 Million For Goudron Field Work (ALLISS)

Read more
29 Sep 2015 08:05

Trinity Exploration Loss Narrows As Asset Sales Process Continues

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.