News blog

Empyrean Energy

  • BY: Andrew Hore |
  • POSTED: 14/06/2017 |

Oil and gas explorer Empyrean Energy has raised £863,000 to finance exploration. 

The share price jumped 1.25p to 5.13p.

A placing raised £560,000 at 3.5p a share and the rest came from the exercise of options at 2p a share, which took the chief executive Tom Kelly‘s shareholding to 14.9%. Directors of Sacgasco, Empyrean’s joint venture partner in Sacramento basin in California, took up shares in the placing.

Empyrean has $8.5m in the bank. Empyrean plans to spend $3.2m on 3D seismic, offshore China, $2.65m for drilling and testing the Mako prospect in Indonesia and $1.62m on the Dempsey prospect in the US. 

© 2018 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Symphony Environmental Technologies

Symphony Environmental Technologies increased it 2017 revenues by more than one-fifth and more than tripled profit. 

Continue reading... | 18/03/2018


SerVision says it is likely to offload its subsidiaries and become a shell.

Continue reading... | 18/03/2018

Quoted Micro 12 March 2018

Continue reading... | 18/03/2018


Continue reading... | 18/03/2018

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds