04/07/2008
Resources play Regal Petroleum has raised £20.5 million to fund drilling rigs for the Ukraine and to study its Romanian gas find.
The AIM-quoted company has tapped the market for that sum, before expenses and commissions, at 245p a share, with investment bank Merrill Lynch as lead manager and book runner. Regal, headed by Shell veteran David Greer, says it wants the money to pay the up-front costs of two rigs arriving in the Ukraine later this year and to secure up to another two, as well as to fund seismic analysis of the company’s recent gas discovery in Romania.
Shares in Regal, which slashed its losses last year from £57.5 million to £8.5 million, now trade at 232.75p, valuing the company at £472 million.
Growth Company Investor is the UK’s leading authority on small-cap and AIM companies. You can gain immediate access to all the recent share recommendations with no obligation, with a free 30-day trial. Click here to join today.
Related Articles:
|
| 24/06/2008
|
| 15/05/2008
|
| 12/05/2008
|
| 11/04/2008
|
| 08/04/2008
|
People who read this article also read ...
|
| 04/07/2008
|
| 04/07/2008
|
| 04/07/2008
|
| 03/07/2008
|
| 03/07/2008
|
| AIM | £76.72m |
36.25p
|
-0.75p
|
|
| Other company articles: |
| 04/07/2008 |
| 24/06/2008 |
| 02/06/2008 |
| 15/05/2008 |
| 12/02/2008 |
Commercial Mortgage Quote
We present absolutely free financial information and a superior financial search system.
Looking for Commercial Mortgage Quote
We have reviewed and sorted 405 odd links for commercial mortgage quote - the top 10 list is presented here.
Commercial Mortgage Quote
Looking for Commercial Mortgage Quote? Search over 15,000 sites with one click. Your source for everything under the sun.
