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Europa Oil & Gas (Holdings) plc, the AIM quoted UK , Ireland and Morocco focused oil and gas exploration, development and production company, is pleased to announce that it has conditionally raised a total of £1.5 million (before expenses), through the issue of a total of 115,384,616 new ordinary shares in the Company (the "Placing Shares") at a price of 1.3 pence per Placing Share (the "Placing Price") (the "Placing") via a proposed placing by Turner Pope Investments (TPI) Limited ("Turner Pope/TPI").
EOG has also granted Turner Pope a broker option to conditionally raise up to a further £500,000 (before expenses) (the "Broker Option") through the issue of up to 38,461,538 new ordinary shares in the Company. The Broker Option provides the opportunity for interested shareholders to participate in the Placing at the Placing Price. To participate in the Broker Option, qualifying investors should communicate their interest to Turner Pope directly in the first instance or alternatively via their independent financial adviser, stockbroker or other firm authorised by the Financial Conduct Authority. Turner Pope should be contacted on 020 3657 0050.
As usual not showing on this website:
Placing and Broker Option
Appointment of Joint Broker
Highlights
· Raising up to £2million via £1.5million Placing and £500,000 Broker Option primarily to fund multiple work programmes focused on:
o Evaluating late-stage appraisal/development projects that would rebalance existing portfolio of production and exploration assets
o Improving recovery from existing onshore UK fields including potential workovers on WF2 and WF9 wells at the West Firsby field
o Continuing technical analysis and seismic reprocessing on the Inezgane Licence in Morocco in preparation for farm-out
· Turner Pope Investments to be appointed joint broker and granted Broker Option to provide the opportunity for shareholders to participate in the Placing at the Placing Price
· Fundraise in line with strategy focused on building a portfolio of multistage assets that can generate sustainable growth and value for shareholders
As it has yet to appear on LSE:
Ascent Resources Plc (LON: AST), the onshore Caribbean, Hispanic American and European focused energy and natural resources company, is pleased to announce the addition of an ESG Metals Strategy alongside its current resource focus and that it has raised £1 million before expenses by way of an oversubscribed subscription and placing of 9,997,032 ordinary shares of 0.5 pence each ("Ordinary Shares") at 10.1 pence per Ordinary Share (the "Issue Price") (the "Placing Shares") (the "Placing").
The Placing funds have been raised in support of the Company continuing to pursue its special situations growth strategy and in particular advancing towards its maiden transaction in the ESG metals sector.
"the well has demonstrated strong initial gas production levels"
"until local demand increases again, which is expected over the next few weeks"
Looks like the well is in good shape and ready to go on the upcoming demand pick-up.
That story is a couple of days old, when I read it I was initially a bit concerned, but located a Bloomberg report saying Biden's admin staff have issued dozens of permits. It's seems they're not stopping anything where work had progressed before the new administration took office. That makes sense for a lot of reasons.
Let's be realistic, with 3 different time zones in play and the usual paperwork/admin delays it could be anytime in the next few days. Building this up to "big news due tonight" only plays into the grubby hands of some of the low-life posters who appear here and can't wait to jump into any little perceived indication of bad news.
"Peronist"? I had to look up that auto-correction bhoys and found that "a Peronist is someone who follows an Argentine political movement based on the ideas and legacy of Argentine president Juan Peron" :O)