Venari Resources has acquired an additional 7% stake in the Shenandoah deepwater oilfield in the Gulf of Mexico, US.
Mitra Energy Inc has announced plans to raise $49.34m capital through a private placement. Concurrently, Mitra has agreed to acquire a 100% stake in the Stag offshore oilfield located in Carnarvon Basin, off the coast of western Australia.
The amount raised from the private placement is primarily intended to be used to fund Mitra’s acquisition of the Stag oilfield.
Pilot Energy Ltd has signed an agreement with Murphy Australia WA-481-P Oil Pty Ltd., a subsidiary of Murphy Oil Corporation, to buy 100% stake in the WA-481-P exploration permit off the coast of north Perth Basin in Australia.
Under the agreement, Murphy will receive a net profit interest on future production from within the permit.
Located in shallow waters, the permit extends over an area of 17,475km² of the offshore extension north Perth Basin.
Flotek Industries Inc has signed definitive subscription agreements to raise $30.75m through a private placement.
The company will issue 2,455,839 shares, priced at $12.52 each, to accredited investors. The amount raised from the private placement is intended to be used by Flotek to fund the acquisition of International Polymerics Inc, and for debt reduction and general corporate functions.