Lochard Energy raises cash to fund Athena costs
Lochard Energy (LON:LHD), the North Sea exploration company, has raised £3.38 million, before expenses in an oversubscribed placing of shares priced at 7 pence each.
Ithaca Energy confirms takeover approach
Ithaca Energy (LON:IAE), the London and Tornonto listed oil and gas group, has confirmed that it has received a confidential, non-binding takeover proposal.
Ithaca Energy reports on production levels
Ithaca Energy (LON:IAE), the North Sea exploration and production group, saw export production reach 1,595,039 barrels of oil equivalent last year, representing an average rate of 4,370 barrels per day net to the company.
Ithaca Energy disappointed by delays to Athena field production
Ithaca Energy (LON:IAE) said this morning that conversion work on a floating production, storage and offloading (FPSO) vessel that will eventually operate on its Athena project in the North sea, has been delayed.
Oil & Gas Round-Up
Generally positive news this week in the SmallCapNews universe with only a few disappointments.
Ithaca Energy snaps up Challenger Minerals ahead of North Sea production plans
Ithaca Energy (LON:IAE) has become the latest North Sea E&P player to dive into the mergers and acquisitions market by acquiring Challenger Minerals (North Sea) for up to US$35 million from Transocean Drilling.
Lochard Energy searching for partners ahead of plans to drill Thunderball prospect
Lochard Energy (LON:LHD) has opened a data room with the aim of attracting potential farm-in partners for the Thunderball prospect on UK North Sea block 14/26b.
Oil & Gas Round-Up
Generally encouraging news on the drilling front in the SmallCapNews universe this week and thankfully nothing disastrous.
