Red Sky Energy has agreed to raise A$0.6m ($0.45m) by issuing 150 million shares, priced at A$0.004 ($0.003) each, in a non-renounceable entitlement offer.
Each eligible shareholder will be entitled to receive one share of the company for every five shares they hold, as part of the offer.
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Red Sky has concurrently agreed to issue 400 million shares priced at A$0.004 ($0.003) a share to raise A$1.6m ($1.19m) in a private placement.
The proceeds from the offering are intended for re-developing the Innamincka and Gold Nugget gas projects, as well as working capital purposes.
The company has also entered a binding sale and purchase agreement with Acer Energy to acquire the Innamincka Dome oil and gas project in Cooper Basin, South Australia.
Based in Australia, Red Sky Energy is engaged in oil and gas exploration and production.
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By GlobalDataThe company has engaged Taylor Collison as the underwriter for the offering.
Galilee Energy has raised A$5.66m ($4.23m) through a private placement of 14.155 million shares priced at A$0.4 ($0.29) a share.
Institutional and sophisticated investors have subscribed to the shares issued under the placement.
The participants will also receive an unlisted option for every share allotted, exercisable at A$0.5 ($0.37) a share, until 31 December 2019.
Net proceeds from the placement are intended for developing the Glenaras gas project, and for working capital purposes.
Based in Australia, Galilee Energy is engaged in oil and gas development.
ConocoPhillips plans to divest its operated and non-operated working interests in the Bitler, R, M and Q leases located in the Permian Basin in Andrews County, Texas, US.
The assets also include 13 operated wells, 13 non-operated wells as wells as held by production (HBP) leasehold acreage.
Based in the US, ConocoPhillips is engaged in oil and gas exploration and production.
The company has retained EnergyNet.com for the divestment.
QEP Energy has entered a definitive agreement with Middle Fork Energy Partners to divest its oil and natural gas producing properties, as well as undeveloped acreage and related assets in the Duchesne and Uintah counties in Uinta Basin for $155m.
Both the companies involved in the transaction are based in the US and are engaged in oil and gas development.
The transaction is expected to expand Middle Fork Energy’s oil and gas assets portfolio in the US.
QEP Energy has engaged Citigroup Global Markets as financial adviser and Latham & Watkins as legal adviser for the transaction, while Middle Fork Energy has engaged Porter Hedges as its legal adviser.
Convega Energy plans to divest its entire operating working stake in oil and gas assets situated in Cessford, Alberta, Canada.
Located approximately 200km from Calgary and 57km from Brooks, the assets placed under the divestment include 1,280 acres of land comprising four oil wells.
The Canadian oil and gas development company has retained Western Divestments for the divestment.
GS Energy Corporation has raised KRW70bn ($62m) by issuing 2.711% bonds due July 2023 in an indirect public offering.
The company has simultaneously issued 2.933% bonds due July 2025 and 2.444% bonds due July 2021 to raise KRW80bn ($71m) and KRW50bn ($44.3m) respectively.
Based in South Korea, GS Energy is engaged in oil and gas exploration, electric and gas utilities, and green energy businesses.
Vanguard Natural Resources plans to divest its oil and gas properties situated in Arkoma Basin, Arkansas, US.
The properties include operated and non-operated working interests, and associated development rights.
Vanguard Natural Resources is an independent oil and gas exploration and production company, which focuses on developing oil and natural gas properties in the US.
Vanguard intends to minimise the debts under its revolving credit facility and focus on its portfolio, through the transaction.
SK Innovation plans to raise $500m by issuing 4.125% senior unsecured notes due July 2023 in a public offering.
Based in South Korea, SK Innovation is a diversified energy and chemical company.
The proceeds from the offering are intended to be used for general corporate purposes, including the clearing of outstanding debts, working capital, and capital spending.
The company has engaged Bank of America Merrill Lynch, Credit Agricole CIB SA, and JP Morgan Securities as joint book-running managers for the transaction.
