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Caerus Mineral Resources PLC hits new record high as drilling at Troulli acquistion impresses
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Proactive news headlines: Tavistock Investments PLC, Helium One Global Ltd, Open Orphan PLC, Instem PLC
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Proactive Oil & Gas weekly highlights: Diversified Energy Company, Union Jack Oil, Tower Resources, ADM, Scirocco, Hurricane, Kistos, Challenger Energy
It was another active week in the small-cap oil and gas sector.
Diversified Energy Company PLC (LON:DEC) confirmed it has raised US$225mln in a placing and retail offer as it advances its latest acquisition. It will issue 141.5mln new shares at 112p per share.
Proceeds will cover the cost of the newly announced Blackbeard acquisition which sees the company pick up another 820 wells producing 16,000 barrels oil equivalent per day (boepd) in its recently established Central regional focus area (RFA). The deal consideration is US$166mln.
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A glance at some of the day s highlights from the Proactive Investors newswire
Alpha Financial Markets Consulting PLC (LON:AFM) has raised £31mln by issuing shares at 325p a throw to part-finance an acquisition.
Induction Healthcare PLC (LON:INHC) has outlined plans to make a transformational acquisition backed by a £25mln placing of new shares.
Grow Group PLC said late on Thursday that it has extended a strategic relationship with Canadian firm Aurora Cannabis Inc (NYSE:ACB) by signing a two-year market access services agreement for the UK following an initial agreement in 2019.
Bacanora Lithium PLC (LON:BCN) has updated investors on site activities at its Sonora lithium project in Mexico.
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