Ithaca Energy Inc has agreed to acquire 25% stake in License P1823 (Block 30/13b) from Premier Oil E&P UK Ltd, which located approximately 30km south-east of the Greater Stella area, UK, in the central North Sea.

The license includes the Austen discovery, which contains a number of wells such as 30/1b-10,10Z with a maximum tested flow rate of 7,820 barrels of oil-equivalent a day (boed).

Ithaca Energy previously signed an agreement with ENGIE E&P UK Limited to acquire 75% stake and operatorship of License P1823.

Ithaca Energy will own 100% stake in the License P1823 once both the transactions are completed.

The transaction will be finalised by the second half of 2017, and will allow Ithaca Energy to expand its oil and gas asset portfolio in the Greater Stella Area.

Perdana Petroleum Berhad plans to raise $25.17m through the issue of up to 77,847,094 shares at a price of $0.32 each, via a private placement.

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By GlobalData
"Perdana Petroleum Berhad plans to raise $25.17m through the issue of up to 77,847,094 shares at a price of $0.32 each."

Kenanga Investment Bank Berhad has been appointed as the placement agent by the company, which is scheduled for completion by the fourth quarter of 2017.

Proceeds from the placement will be used by Perdana to repay borrowings, as well as meet working capital requirements and various defraying expenses associated with the placement.

GulfMark Offshore Inc intends to raise $125m through the issue of shares in a rights offering. The issue will be backstopped by certain holders of the senior notes.

Earnings from the offering are intended to be used by GulfMark to fund its operations.

Aminex PLC has raised $2.16m through the issue of 167,561,032 shares at a price of $0.01 a share.

The company will use the generated revenue to meet its working capital requirements.