Oil & Gas Exploration and Production

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Forent Energy increases size equity offerings

Thursday, 25 Jun 2015 09:00am EDT

Forent Energy Ltd:Says increasing the size of its previously announced equity offerings.Increasing size offerings from contemplated $2.0 million to up to $2.5 million at 40 cents per share.Net proceeds from the private placement will be used to strengthen Forent's balance sheet and for general corporate purposes.

Red Emperor Resources NL announces placement to raise $5.76M

Thursday, 25 Jun 2015 04:15am EDT

Red Emperor Resources NL:Announces an oversubscribed placing, through its London Broker, Brandon Hill Capital, and its Australian Broker, 708 Capital, of 72,000,000 new ordinary shares at 4 pence (A$0.08) per share to raise 2.88 million pound (A$5.76m) before expenses.Says proceeds from the raise and existing cash resources will principally be used to fund the upcoming drilling and potential appraisal activities in the Philippines, where the company has a 15 pct interest in Block SC55 in the southwest Palawan Basin.

Tlou Energy completes entitlement offer

Wednesday, 24 Jun 2015 10:04pm EDT

Tlou Energy Limited:Announces the completion of the previously announced non-renounceable entitlement offer, raising about A$5.5 million.Says the net proceeds of the equity raising and existing cash will be applied to the current expanded pilot drilling program at Selemo, corporate overheads and working capital.

Africa Hydrocarbons announces closing of $500,000 private placement

Wednesday, 24 Jun 2015 09:00am EDT

Africa Hydrocarbons Inc:Has completed its previously announced private placement offering pursuant to which the Corporation issued 50,000,000 common shares at $0.01 per share and raised gross proceeds of $500,000.In connection with the Offering, the Corporation paid a finder's fee of $20,000 to one arms-length party with respect to a portion of the proceeds raised.John Nelson, CEO of the Corporation subscribed for $31,000 of the private placement.

Petsec Energy Ltd announces issue of shares

Wednesday, 24 Jun 2015 04:36am EDT

Petsec Energy Ltd:Issues 2,500,000 fully paid ordinary shares at $0.20 per share.

Sun Resources NL raises $1,000,000 through share placement

Tuesday, 23 Jun 2015 07:07pm EDT

Sun Resources NL:Says outcome of the company's placement of new shares at $0.0016 per share.Says placement has successfully raised total of $1,000,000.Says funds raised will be used for planning and optimisation of proposed multi-stage fracking operation at Jack Howe #1H well in the Normangee Oil Project, to fund further exploration and geological review of current projects.And to provide ongoing working capital while Sun actively seeks a new joint venture partner or partners to assist in developing its portfolio of projects.Says Bell Potter Securities Ltd acted as lead manager for placement.

Ring Energy Inc announces completion of public common stock offering of 4,500,000 shares

Tuesday, 23 Jun 2015 08:20am EDT

Ring Energy Inc:Has completed the sale of 4,500,000 shares of its common stock resulting in gross proceeds of $51.75 million and estimated net proceeds of approximately $49.0 million.Intends to use the net proceeds from this offering to fund a portion of the previously announced acquisition of producing wells and leaseholds in Culberson and Reeves Counties, Texas, and for general corporate purposes.

Canamax announces addition of flow-through shares to private placement financing

Tuesday, 23 Jun 2015 07:31am EDT

Canamax Energy Ltd:Announces addition of flow-through shares to private placement financing and increased bank credit facilities in conjunction with acquisition of greater grimshaw assets.Says lender has approved an increase in canamax's operating loan facility from $10 million to $21 million.Increase in operating loan facility pending completion of $24 million greater grimshaw asset acquisition.Terms of $15 million private placement financing amended to include issuance of up to 1.6 million common shares on "flow-through" basis.

Titan Energy Ltd announces issue of shares

Tuesday, 23 Jun 2015 05:06am EDT

Titan Energy Ltd:Issues 146,110 ordinary shares at $0.04 each.

Arsenal Energy Inc announces bought deal private placement financing

Friday, 19 Jun 2015 08:34am EDT

Arsenal Energy Inc:Says that it has entered into a private placement equity financing agreement, on a bought deal basis, with PI Financial Corp., as lead underwriter.Under the terms of the agreement Arsenal will issue 635,000 common shares at a price of $3.15 per common share and 545,000 common shares to be issued on a "flow-through" basis at a price of $3.70 per CEE FT Share.For gross proceeds of $4,016,750.

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