Oil & Gas Exploration and Production

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Sirius Petroleum PLC announces conditional placing and subscription update

Friday, 12 Sep 2014 02:00am EDT

Sirius Petroleum PLC: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 Pound before expenses.

Whitecap Resources Inc closes $125 mln bought deal financing

Thursday, 11 Sep 2014 08:31am EDT

Whitecap Resources Inc:Completed its announced bought deal financing.Gross proceeds of about $125 mln.Gross proceeds from sale of subscription receipts have been placed in escrow pending closing of acquisitions.Acquisitions are expected to be completed on or about Oct. 1 and are subject to customary industry closing conditions.

Blackdog Resources Ltd enters into agreement with initial investor group

Thursday, 11 Sep 2014 08:00am EDT

Blackdog Resources Ltd:Enters into definitive reorganization and investment agreement (agreement) with Steven VanSickle, David Summers, Aaron Grandberg, David Cymbalisty, David Pyke, George Ardies and Tom Park (initial investor group), which provides for.Non-brokered private placement for gross proceeds of up to $21.0 million;.Completion of transaction is subject to customary closing conditions, including approval of TSX Venture Exchange (TSXV).Upon completion of transaction, it is anticipated that shareholders of Blackdog will be asked to approve change of Corporation's name to 'StonePoint Energy Inc.Trading of common shares on TSXV is currently halted on voluntary basis but is expected to recommence at opening of markets on Sept. 11.

Oil Basins Limited announces issue of ordinary shares

Wednesday, 10 Sep 2014 07:30pm EDT

Oil Basins Limited:Announces issue of 14,285,714 fully paid ordinary shares.Issue price of $0.007 (0.7 cents) per share.Says fund will be used for working capital and ongoing projects.

Range Resources Limited announces issue of shares

Wednesday, 10 Sep 2014 06:30pm EDT

Range Resources Limited:Announces issue of 25,924,135 ordinary fully paid shares.Says 7,500,000 ordinary fully paid shares issued for technical consulting fees as per agreement 7,500,000 unlisted options (0.03 pounds, Sept. 9, 2017) issued as required by an historic financing arrangement, originally entered into on Nov. 15, 2012.Says 1,000,000 Unlisted Options ($0.05, Jan. 31, 2018) issued for financial consulting fees as per agreement.

Vanguard Natural Resources LLC announces pricing of public offering of series C preferred units

Wednesday, 10 Sep 2014 06:14pm EDT

Vanguard Natural Resources LLC:Prices public offering of 4,000,000 of its 7.75 pct Series C Cumulative Redeemable Perpetual Preferred Units at a price of $25.00 per unit.The underwriters have been granted a 30-day option to purchase up to an additional 600,000 Series C Preferred Units from company at the public offering price less the underwriting discount.Distributions will be payable on Series C Preferred Units at initial rate of 7.75 pct per annum of the stated liquidation preference of $25.00.The offering is expected to close on Sept. 15.Company expects to receive net proceeds of about $96.6 mln (or about $111.1 mln if the underwriters exercise their option to purchase an additional 600,000 Series C Preferred Units), after deducting underwriting discounts and estimated offering expenses, from offering.Intends to use net proceeds from offering to repay portion of indebtedness outstanding under senior secured revolving credit facility.Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the offering.

Vanguard Natural Resources announces public offering of series C preferred units

Wednesday, 10 Sep 2014 09:27am EDT

Vanguard Natural Resources LLC:It has commenced public offering of Series C Cumulative Redeemable Perpetual Preferred Units.Company will grant underwriters 30-day option to purchase additional Series C Preferred Units.Company intends to use net proceeds from offering to repay portion of its indebtedness outstanding under its senior secured revolving credit facility.Morgan Stanley and UBS Investment Bank will act as joint book-running managers for offering.

First Sahara Energy Inc announces financing

Wednesday, 10 Sep 2014 08:30am EDT

First Sahara Energy Inc:Announces that it is undertaking non-brokered private placement of up to C$400,000 through issuance of up to 13,333,333 units at C$0.03 per unit.Each unit consists of one common share in capital of Company and one Common Share purchase warrant entitling the holder to purchase one additional Common Share for C$0.05 for period of 12 months from closing of financing.Company may pay commissions in cash or kind to brokers who assist in completion of financing.Funds from this placement shall be used for general working capital, including the review of possible acquisitions.

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