State Gas Limited (ASX:GAS) has been appointed Preferred Tenderer of substantial new acreage in the latest Queensland Government Petroleum Land Release. West of Rolleston in Central Queensland, Block 5 surrounds the northern part of the Company's existing 100% owned PL231.
Gas & Oil
State Gas Limited (ASX:GAS) advises that it has received firm commitments to undertake a private placement to sophisticated investors raising $9.5M. In addition, the Company is undertaking a Share Purchase Plan targeting a further $2 million.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it will commence drilling the Carpentaria-1 well in Empire's 100% owned Northern Territory permit EP187 today.
Advent has demonstrated considerable gas generation and migration within PEP11, with the mapped prospects and leads highly prospective for the discovery of gas.
The Company is pleased to disclose by way of interim update that, during the past two days since that last report, gas flow rates from Nyanda-4 have continued to increase significantly, with a record flow rate in excess of 310mscf/d achieved.
The ATP 2021 joint venture (Vintage Energy Ltd (ASX:VEN) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) advises that a development concept for the Vali Field has been completed and estimates a field life of around 20 years.
Vintage Energy Ltd (ASX:VEN) advises that it has undertaken a share placement to institutional and sophisticated/professional investors ("Placement") at an issue price of $0.06 per share, raising gross proceeds of $3.1 million.
Banking & Finance
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Oil Gas & Energy
- State Gas Limited (ASX:GAS) Wins Contiguous New Acreage Creating Super Gas Region
- State Gas Limited (ASX:GAS) Private Placement and Share Purchase Plan to raise $11.5M
- Empire Energy Group Ltd (ASX:EEG) Carpentaria-1 Drilling Commences