Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) chief executive Rusty Hutson, in today’s annual results statement, told investors the firm has started the new year “in a position of strength as a bigger, better business”.
“There has never been a more exciting time for our company and the energy industry,” Hutson said.
Emmerson PLC (AIM:EML) has drawn down the first tranche of funding from its $11 million Capital Provision Agreement, securing cash for both litigation and working capital.
As part of the deal, the company and its UK and Moroccan subsidiaries have granted security over their assets to the funding counterparty. This is standard for litigation finance and won’t be enforced as long as Emmerson meets its obligations.
Powerhouse Energy Group PLC (AIM:PHE) has raised £1.25 million to support the company's ongoing research and development efforts and project expansion.
It's raising funds through a placing and retail offer, selling new shares priced at 0.5p per share.