Callon Petroleum Company has announced the pricing for the public issue of 22 million shares to raise $187m. An additional 3.3 million shares are also available for underwriters through an over-allotment option.
Rockhopper Exploration plc has agreed to acquire Beach Petroleum (Egypt) Pty Ltd (Beach Egypt) for $20.5m. The company will use its existing cash resources to fund the acquisition.
Iran’s South Azadegan field is expected to contribute 13% of the country’s total oil once it achieves peak production in 2025, says a new report by GlobalData.