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Surveying firm Veris has made a number of changes to its board, including Adam Lamond stepping out as managing director, as it deals with the impacts of the coronavirus pandemic.
Oil and gas explorer Otto Energy is looking to raise up to $17.5 million, despite current market conditions, to fund the development of its well in the Gulf of Mexico.
Our daily board moves wrap includes Chris Mews, Paul MacLeman, Kaitlin Smith, Peter Sullivan, Brian Phillips, Len Troncone, Kathrin Gerstmayr, Emma Waldon, Andrea Betti, Eryn Kestel, Peter Wade, and Peter McMorrow.
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Otto Energy has made some changes to its board as part of a renewal process to support the successful implementation of the US Gulf of Mexico strategy.
North America-focused Otto Energy is seeking to raise $11 million via a share placement and $20 million through a one-for-five rights issue, both at an issue price of 5.3 cents per share.
Great Southern Mining has received commitments from sophisticated investors for the placement of 34 million shares at an issue price of $0.0375 a share to raise approximately $1.275 million.
Otto Energy is seeking to participate in exploring for oil and gas in Alaska through a $US4 million ($A5.4 million) investment in Austrian company Borealis Petroleum.
Corporate and financial communication firms, Citadel PR and Magnus Investor Relations, have entered into an agreement to combine their businesses to form a significant independent national player.
Nido Petroleum has launched a $US108 million ($130 million) bid for Otto Energy's share of the Galoc oil field, coming in ahead of a recent proposal by Risco Energy International.
It has been a tough quarter for dealmakers as commodity and share prices slump but some players see promise in the market shake-out. This Special Report includes a fully updated database with 146 deals for the quarter and an updated stockbrokers list.
Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore-based energy company Risco Energy Investments for $113.4 million will help fund exploration activities for two years and return capital to shareholders.
Is $1,500 per day plus all reasonable expenses a good rate of pay for the top executive at a junior mining company in the midst of a cost-cutting drive? Read Business News' latest quarterly salary survey to learn more.
Perth-based Otto Energy has announced BHP Billiton has entered a farm in deal for a prospective oil target owned by Otto off the Philippines island of Palawan.
Shares in West Perth-based Otto Energy have surged higher today after it signed a farm-in option deal with BHP Billiton over an oil project in the Philippines, some 10 months after the initial agreement lapsed.
OIL and gas company Otto Energy will rely further on its directors for support after it reduced its capital raising efforts amid uncertainty from a lapsed BHP Billiton deal.
West Perth-based Otto Energy plans to raise $35 million with the majority underwritten by Euroz Securities and funds to be applied to the repayment of shareholder and director loans.
West Perth based Otto Energy Ltd are planning to raise $15 million to fund drilling preparations, site surveys and costs associated with its two permits in Po Valley, Italy.
West Perth-based oil explorer Otto Energy Ltd has struck a deal to acquire an 18 per cent interest in a Philippines oil field that is set to enter production in April next year.
West Perth oil and gas exploration firm Otto Energy Ltd subsidiary NorAsian Energy Ltd has been ranked as preferred bidder for an exploration service contract covering 7,440 sqkm, covering the Visayan Basin in the Philippines, the company has announced.
West Perth oil and gas exploration firm Otto Energy Ltd will raise $11 million through a placement to fund ongoing exploration and development of its Philippines assets, the company has announced.
West Perth oil and gas exploration firm Otto Energy Ltd has increased its equity position at two of its oil licence permits in the Philippines by 20 per cent, the company announced today.
Shares in West Perth oil and gas exploration company Otto Energy Ltd closed up 1.5c to 18.5c after moving a rig to a new gas discovery well for flow testing.
West Perth-based Otto Energy Ltd is putting the building blocks together to develop itself into an oil and gas explorer of note with the company buying the remaining 50 per cent ownership of its Philippine asset package and announcing a firm rig contract.
