Red Emperor Resources raises new cash for Puntland exploration
Red Emperor Resources (LON:RMP), the AIM and ASX exploration group that is currently involved in drilling operations in the Puntland region of Somalia, has raised £6.24 million in a placing priced at 32 pence per share.
Range Resources and Red Emperor keep investors waiting on Puntland well
Range Resources (LON:RRL) and Red Emperor Resources (LON:RMP) have offered up some mixed news from the ongoing drilling work on the Shabeel well in Puntland, Somalia, which is being carried out by their joint venture operator, Horn Petroleum Corp. While the well has shown signs of oil and gas, investors are being made to wait [...]
Range Resources kicks off drilling in Puntland
Range Resources (LON:RRL) and its joint venture partners Horn Petroleum (TSX: HRN) and Red Emperor Resources (LON:RMP), have begun drilling the Shabeel-1 well on the Dharoor Block in Puntland, Somalia.
Red Emperor Resources raises new cash to fund drilling work
Red Emperor Resources (LON:RMP), the exploration company with interests in Puntland and the former Soviet state of Georgia, has raised £4.09 million in a share placing priced at 11p per share.
Range Resources cheered by major reserves upgrade in Trinidad
Range Resources (LON:RRL) has reported a major upgrade to the proved reserves on its acreage in Trinidad – with a rise of 490% to 15.4 million barrels.
Oil & Gas Round-Up
A fairly quiet week in the SmallCapNews universe, no blockbuster discoveries or crushing disappointments to report this week.
Range Resources acquires strategic stake in Tangiers Petroleum
Australian exploration and production company Range Resources (LON:RRL) has made a strategic investment in Tangiers Petroleum (ASX:TPT), which boasts a portfolio of two potentially world class oil and gas projects in Morocco and Australia.
Oil & Gas Round-Up
Another week of turmoil in the global markets, however we still have some good and a little not so good news in the SmallCapNews universe.
Oil & Gas Round-Up
The steep share price falls across the market this week have overshadowed any positive announcements in the SmallCapNews universe. Not to worry, there’s always next week.
Oil & Gas Round-Up: 29 July 2011
A smattering of good well results and disappointment on the fundraising front dominate this weeks SmallCapNews update.
