Oil & Gas Exploration and Production

Page 2

Terrace Energy completes C$20,017,000 equity financing

Wednesday, 23 Jul 2014 09:11am EDT

Terrace Energy Corp:Completes bought deal public offering of 10,820,000 common shares at a price of C$1.85 per share for gross proceeds of C$20,017,000 under the company's short-form prospectus dated July 17, 2014.Canaccord Genuity Corp. acted as lead underwriter on behalf of a syndicate of underwriters comprising Canaccord, Cormark Securities Inc., GMP Securities LP, and Salman Partners Inc.Underwriters received a cash commission equal to 6.5 pct of the gross proceeds of the offering.

MIE Holdings Corp gives H1 2014 net profit outlook

Wednesday, 23 Jul 2014 08:04am EDT

MIE Holdings Corp:Says based on the information currently available to.Expects the group to record a material decrease in its net profit for H1 2014, as compared with that for H1 2013.Due primarily to one-off finance expenses of 120 million Yuan call premium for the early redemption of the 400 million Yuan 9.75 pct senior notes due 2016.

Riedel Resources Ltd announces ownership interest of ADX Energy Ltd

Wednesday, 23 Jul 2014 04:48am EDT

Riedel Resources Ltd:Says that ADX Energy Ltd has an interest in 26,764,709 fully paid ordinary shares of Riedel Resources, representing 18.36 pct. of total voting power.Previously, ADX Energy Ltd had an interest in 25,000,000 fully paid ordinary shares of Riedel Resources, representing 42.95 pct. of total voting power.

Sirius Petroleum Plc announces conditional placing and subscription

Wednesday, 23 Jul 2014 02:01am EDT

Sirius Petroleum Plc:Says it has conditionally raised gross proceeds of up to $20,000,000 by way of a placing and a subscription.Conditional Placing of 63,530,215 ordinary shares and subscription of up to 326,333,333 new ordinary shares.Being an aggregate of up to 389,863,548 new ordinary shares at 3 pence per share to raise up to 11,695,906 Pounds (about $20,000,000) before expenses.Proceeds to provide the Group with the equity portion of the funding required to drill its initial well.

Swala Energy Ltd updates on listing on Dar es Salaam Stock Exchange

Tuesday, 22 Jul 2014 09:00pm EDT

Swala Energy Ltd:Provides an update of the Initial Public Offer of Swala Oil & Gas (Tanzania) Plc that is in the process of listing on the Dar es Salaam Stock Exchange in Tanzania.Says the IPO closed on the of July 4, 2014 and has been oversubscribed, with 1,869 old and new shareholders applying for 13.3 million shares.Says the company is also participating in the IPO thereby reducing any dilution effect on the parent company.Says Swala Tanzania has now received approval from the Capital Markets & Securities Authority (CMSA) of Tanzania to approve the oversubscription amounts through what is referred to as a “green-shoe” option.

Exoma Energy Ltd announces appointment of new Chairman

Tuesday, 22 Jul 2014 05:39pm EDT

Exoma Energy Ltd:Says that Brian Barker has decided to step down as Chairman.Says he will continue to act as a non‐executive director.The Board has appointed Jeffrey Forbes as independent non‐executive Chairman of the Board in Barker’s place.

Sino Oil and Gas Holdings Ltd gives H1 2014 net loss outlook

Tuesday, 22 Jul 2014 07:15am EDT

Sino Oil and Gas Holdings Ltd:Says based on information currently available.Expects the group would record a net profit for H1 2014 as compared to a net loss for the corresponding period in 2013.

MENA Hydrocarbons Inc announces negotiations for sale or merger

Monday, 21 Jul 2014 10:54am EDT

MENA Hydrocarbons Inc:Enters into non-binding negotiations on potential sale or merger with arm's length publicly listed International oil and gas company with respect to its assets in Egypt where Mena owns 100 percent of the Lagia field.Consistent with its fiduciary duties and in consultation with its advisors, MENA is considering and evaluating proposal.There can be no assurance that a formal offer or transaction will result from this proposal.

Diamondback Energy launches common stock offering

Monday, 21 Jul 2014 06:30am EDT

Diamondback Energy Inc:Launches underwritten public offering of 5,000,000 shares of its common stock.Underwriters will have an option to purchase up to an additional 750,000 shares of common stock from Diamondback.Intends to use the net proceeds under its revolving credit facility to fund its previously announced pending acquisition of certain leasehold interests and for general corporate purposes.Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the offering.

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