Oil & Gas Exploration and Production

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Sun Resources NL announces share purchase plan

Wednesday, 1 Apr 2015 06:31pm EDT

Sun Resources NL:Says a new, fully paid ordinary shares (New Shares) in Sun under a Share Purchase Plan (Plan) to raise $1 million.The Plan is fully underwritten by Patersons Securities Ltd who are acting as lead manager and underwriter to the offer.The Plan provides the opportunity for shareholders to subscribe for up to $15,000 worth of New Shares without incurring brokerage or other transaction costs. Directors who are eligible shareholders have agreed to each subscribe for $15,000 under the Plan.

Canada Energy Partners announces private placement

Tuesday, 31 Mar 2015 07:30am EDT

Canada Energy Partners Inc:Intends to complete a private placement of up to 15,000,000 common shares at $0.02 per share for gross proceeds of up to $300,000.Funds shall be used to pay general and administrative costs, land maintenance costs, and the new strategic initiative efforts.

Gulf Keystone Petroleum Ltd updates on placing of new common shares

Tuesday, 31 Mar 2015 02:02am EDT

Gulf Keystone Petroleum Ltd:Further to the Company's announcement of March 30 Gulf Keystone announces that it has successfully raised through Mirabaud Securities LLP (Mirabaud) and Pareto Securities Limited (Pareto, together the Bookrunners).Says gross proceeds of $40,693,235 through a conditional placing of 85,900,000 new Common Shares of US$ 0.01 each in the Company at a placing price of 32p per share.Prior to proceeds from the Placing, the Company's cash balance is $86.3 million, which includes the pre-payment of $26 million gross ($20.8 million net to Gulf Keystone) received for Shaikan crude oil sales on Feb. 25.The company has applied for admission of the placing shares.It is expected that admission will become effective and that dealings in the placing shares will commence on April 2.

Africa Energy Corp closes private placement

Monday, 30 Mar 2015 07:29pm EDT

Africa Energy Corp:Says that it has closed private placement announced on March 24.First tranche comprising 22,689,615 common shares closed on March 27, and final tranche comprising 9,796,538 common shares closed on March 30.Total gross proceeds raised was C$4,223,200 (about $3.4 million) for an aggregate of 32,486,153 common shares issued.Five pct. finder's fee will be payable on a portion of private placement.Net proceeds of private placement will be used towards new initiatives announced on March 11, and for general corporate purposes.

Marksmen Energy Inc announces final closing of private placement

Monday, 30 Mar 2015 06:51pm EDT

Marksmen Energy Inc:Says that it has completed third and final closing of its previously announced non-brokered private placement for 141,667 units of Marksmen at a price of $0.15 per Unit for gross proceeds of $21,250 (the offering).Units are comprised of one common share and one-half of one (1/2) share purchase warrant of Marksmen.Each whole Warrant entitles holder thereof to purchase one common share for $0.25 expiring two years from date of closing of Offering.Total of 5,001,967 Units have been issued pursuant to first, second and third closings for total gross proceeds of $750,295.

Gulf Keystone Petroleum Ltd proposed placing of new common shares

Monday, 30 Mar 2015 12:02pm EDT

Gulf Keystone Petroleum Ltd:Proposes placing of up to 85,900,000 new Common Shares through an accelerated bookbuilding process to qualified investors to be carried out by Mirabaud Securities LLP and Pareto Securities Limited, with both new and existing institutional investors.Proceeds will be used to strengthen Company's financial position in the near term.whilst review of longer term financing options, and potential corporate actions continues, alongside the ongoing work with the Kurdistan Regional Government's Ministry of Natural Resources to establish a regular payment cycle for past and future Shaikan production and payment of arrears.

Whiting Petroleum Corp announces completion of offering of common stock and senior notes

Friday, 27 Mar 2015 08:10pm EDT

Whiting Petroleum Corp:Says that it completed its previously announced registered public offering of 35,000,000 shares of its common stock for total net proceeds of about $1.0 billion, after deducting underwriter's discounts and commissions.Also announced by separate press release that it has completed its previously announced private unregistered offering of $1.25 billion aggregate principal amount of 1.25 pct. convertible senior notes due 2020.Says this amount includes sale of $250 million aggregate principal amount of convertible senior notes pursuant to exercise of initial purchasers' option in full to purchase additional convertible senior notes.Announced that it has completed its previously announced private unregistered offering of $750 million aggregate principal amount of 6.25 pct. senior notes due 2023.Received about $3.0 billion in aggregate net proceeds from offerings.Used net proceeds from offerings to repay all of amounts outstanding under its credit agreement and will use remainder for its general corporate purposes.

Petrolympic completes first tranche of non-brokered private placement

Friday, 27 Mar 2015 04:30pm EDT

Petrolympic:Completed the first tranche of a private placement of up to 3,378,387 flow-through shares at a price of $0.37 per Flow-Through Share and up to 2,303,692 units of the Company at a price of $0.325 per Unit, for maximum gross proceed of $2,000,000.In the first tranche of the private placement, the company raised gross proceeds of $1,057,950 by issuing a total of 2,524,500 Flow-Through Shares and 384,600 Units.Each Unit consists of one common share of the Company and one-half of one common share purchase warrant, with each Warrant entitling the holder thereof to purchase one additional common share at a price of $0.45 per Warrant Share for a period of 18 months from the date of issuance.Proceeds from the Private Placement will be used to further the Company's exploration and drilling programs on its properties in the Gaspe region of Quebec.Recent activity in this area has led to significant initial oil and gas production for other drillers as well as very strong test results within the Company's extensive Gaspe acreage.Expects to complete the second tranche of the Private Placement in the next few weeks.

DNO ASA:Initiation of repair offering canceled

Friday, 27 Mar 2015 03:02am EDT

DNO ASA:Decided not to initiate a repair offering following the successful completion of a 975 million crowns offering of new shares and treasury shares on March 10 2015.


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Provider: Market Edge
Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Edison Investment Research

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