01/12/11
Shares in AIM-listed Wessex Exploration were up 4 per cent in afternoon trade as investors reacted positively to the company’s £12 million cash call unveiled earlier in the day. The funds will be used to finance the firm’s continued participation in the Guyane oil block.
01/12/11
Wessex Exploration said it has successfully raised £12 million which will be used to fund its continued participation in the Guyane oil block.
09/09/11
They each own 1.25 per cent of the Guyane Maritime license, which hosts the Tullow operated Zaedyus exploration well that stuck oil today. Although these are fairly small stakes, the license is believed by analysts to have ‘billion-barrel’ potential, therefore Zaedyus could prove to be very significant for these small-cap players.
30/05/11
When we think of Britain’s oil industry most of us immediately picture huge oil rigs out in the wild waters off Scotland’s north coast. But believe it or not there is actually much more oil than you might think right here on dry land.
25/01/11
His departure from Nighthawk Energy came as a surprise to many investors. But David Bramhill is back with two AIM floats - Wessex Exploration and Osceola Hydrocarbons. Here we take a closer look at the companies and their prospects.
