Africa Energy plans to raise CAD$15 million in new equity through a non-brokered private placement of new shares. The private placement will be effected on a reasonable commercial basis at a price per share to be determined through a book building process and in accordance with the policies of the TSX Venture Exchange. A 5% […]

Solo Oil raised £2,000,000 gross proceeds through the issue of 1,111,111,111 new ordinary shares of 0.01 pence each in the company at a price of 0.18 pence per share in a company sponsored placement to a single institutional investor, being Epsilon Pty. The placing shares will when issued represent 15.9% of the enlarged issued share […]

Fastnet Oil & Gas has decided not to exercise its option to farm-in to the Tendrara Lakbir License onshore Morocco. The option expired on December 31. The decision not to exercise the option can be directly attributed to the plummeting oil prices. Carol Law, newly appointed CEO of Fastnet said: “Current market conditions have severely […]