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Page 11 - கார்னார்வோன் பெட்ரோலியம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Advance Energy Plc completes Buffalo acquisition

It follows March s £21mln share placing and provides a high-potential, production-led growth project. Advance Energy PLC (LON:ADV) told investors it completed the acquisition of an interest in the Buffalo PSC, offshore Timor-Leste. The transaction, which constitutes a reverse takeover, sees the company acquire a 50% stake in the Carnarvon Petroleum Timor vehicle which owns 100% of the Buffalo PSC. The company noted that shares in the enlarged company will begin trading on the London Stock Exchange at 8:00am today. Along with the acquisition, the company recently issued new shares in a £21.84mln placing, selling 840.1mln new shares priced at 2.6p each.

Small Cap Wrap - Imperial X, Kibo Energy, Globalworth Real Estate and more

Small Cap Wrap - Imperial X, Kibo Energy, Globalworth Real Estate and more. Further to the Company s announcement on 14 April, noting the announcement by CPI Property Group S.A. and Aroundtown SA of a firm intention to make a cash offer for the Company, the Company has formed an independent committee of the Board in order to evaluate the Offer. 19 April 2021   Dish of the day Advance Energy (LON:ADV)  completed an RTO on AIM indirectly acquiring of 50% of Carnarvon Petroleum Timor  which holds a 100 per cent. working interest and is the contractor under the Buffalo PSC, offshore Timor-Leste. Carnarvon Petroleum Timor is a subsidiary of ASX listed company, Carnarvon Petroleum Limited. The net proceeds of the Placing of approximately £20.01m (approximately US$27.51m) will be used to fund the Acquisition.  Due 19 April.

Small Cap Feast - Thor Explorations; Imperial X; Emmerson; Vast Resources; Circle Property

Small Cap Feast - Thor Explorations; Imperial X; Emmerson; Vast Resources; Circle Property
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

Small Cap Wrap - MAST Energy Developments, Imperial X, NextEnergy Renewables and more

Small Cap Wrap - MAST Energy Developments, Imperial X, NextEnergy Renewables and more
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

Santos looking to sell stakes in key Australian offshore oilfields - report

in  London Australian independent Santos is aiming to sell off stakes in key domestic offshore assets, including in its Dorado oil and gas project in Western Australia, according to a report. The company is aiming to sell off a stake of between 20% and 30% in Dorado and the nearby Bedout sub-basin exploration portfolio, Reuters reported, citing a sales document and a later confirmation from Santos. ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE Gain valuable insight into the global oil and gas industry s energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. The news wire also said Santos is considering selling off its entire stake in the Van Gogh oilfield and a stake in the Pyrenees oilfield, also offshore Australia.

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