Osceola Hydrocarbons


Osceola Hydrocarbons Ltd raised 1.5m from a placing and open offer at 5p a share at the beginning of 2011 and it planned to join Aim in the second quarter of 2011. The cash will be used to develop the Centurion oil project in Kansas. Osceola also has interests in coal bed methane, shale gas and oil and gas targets in the US. Osceola owns 14% of oil and gas explorer Wessex Exploration, which intends to move from Plus-quoted to Aim in 2011, and 45% of wind power company AltaWind Energy.

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