Tag Archive for gas

Touchstone’s Paul Baay on ramping up operations at Ortoire as firm raises £3.8m to fund maiden drill (TXP)

Touchstone Exploration (LSE:TXP) sat at 12.3p on Tuesday morning after launching a £3.8m private placement to support the development of its highly prospective Ortoire block in Trinidad. The raise is directed towards UK-based institutional investors and will see Touchstone issue c.31.7m shares at 12p each. This represents a 4pc discount to the business’s 12.5p closing…

Anglo African receives SNPC payment in a positive sign for Tilapia production plans (AAOG)

Anglo African Oil & Gas (LSE:AAOG) advanced 0.5pc to 9.8p on Monday morning after announcing that it has received some of the funds owed to it by the Congolese national oil company. The business has received an initial $663,000 payment from the Société Nationale des Pétroles du Congo (SNPC). State-backed SNPC owes Anglo African a…

New reserves report shows large jump in President Energy’s Argentinean potential (PPC)

President Energy (LSE:PPC) sat at 9.1p on Friday morning after revealing a significant increase in the oil and gas reserves present across its assets in Argentina. A new, independent hydrocarbon reserves report found that the firm’s net 1P and 2P reserves in the country’s Neuquén Basin increased over the previous year by 82pc and 41pc…