Delek Group, a major shareholder, proposes to buy Ithaca for 120p per share (a premium at the time of the offer) valuing the North Sea oiler's equity at US$646mln.
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Investors were ready to back companies with the amount raised in secondary fundraisings more than doubling to £660mln.
WH Ireland analyst Brendan Long reckons Rockhopper may be swimming against the political tide in Europe.
Jessica Camus "will amplify Obtala's social impact efforts"
Production is building thanks to the Stella start-up and the next field development is underway, but, a recommended buy-out takes focus.
It represents another milestone towards Premier Oil sealing its vital refinancing.
Wood faces the same problems that Amec ran into after it acquired Foster-Wheeler, according to Jefferies analyst Mark Wilson.
Investors can now buy and sell USOP shares via the Asset Match platform, which acts as a marketplace for shares in private UK companies.
LGO's present low-risk drill strategy is specifically targeting ‘infill’ areas that are known for stable production and slow decline.
A new licence extension from state authorities come as Rose advances a seismic exploration programme in Utah.
EnQuest expects to grow production to 45,000 to 51,000 boepd in 2017, depending on the timing of Kraken.
Extending work commitments is seen as an ‘an important consideration’ as the explorer tries to close in on a partnering deal.
Interim chairman Mark Routh says IOG is now entering its ‘next phase of growth’ and that new appointments position the company "strongly for the future”.
“The decision to raise funds at this stage may come as a surprise and should prompt questions as to what has changed in 1Q17 to prompt this action now?”
The hotly anticipated SD-1X well is located in Egypt's Nile Delta, targeting both oil and gas reservoirs.
London-listed Falcon Oil & Gas is sitting on a potentially huge shale gas resources, but, progress is presently held up by a temporary moratorium on shale gas projects.
Current non-exec David Ryan will take up his new role as executive director of programme development immediately
Rating now outperform while new price target points to 30% upside
WH Ireland says the recapitalisation means it is Tullow that retains flexibility rather than the banks.
Range Resources told investors that revenues increased 38% to US$3.8mln due to better oil prices.
It announced on Friday it has received the first tranche, US$72,100, and expects to bank US$210,000 by the end of the month.
Peel Hunt sets a 'buy' recommendation for Premier Oil and with a 90p price target the City broker sees some 35% upside to the current price.
Obtala has decided to fulfil excess demand from a December preference share issue.
Parliament is set to indulge in another frenzy of utility company bashing on Thursday
London-listed Faroe had a 20% stake in the well, which will now be plugged and abandoned.