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. 

© 2017 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 26 June 2017

Continue reading... | 26/06/2017

blur Group

Spending management services provider blur Group had $1.14m left in the bank at the end of May 2017 and it needs to raise more in the next month or so. 

Continue reading... | 25/06/2017

Prime People

Construction, energy and analytics recruiter Prime People reported a dip in 2016-17 profit even though net fee income was higher. 

Continue reading... | 22/06/2017

Nakama Group

Digital and financial services recruitment firm Nakama Group says that revenues and net fee income have risen but the second half has not been as strong as hoped. 

Continue reading... | 20/06/2017

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 AIMMicro.com. Subscribe to AIM Micro RSS Feeds