Calima Energy has made some changes to its management structure to maintain balance sheet strength, preserve flexibility and reduce overheads across the business.
Subiaco-based oil and gas junior Calima Energy has raised $25 million through a placement, and aims to pick up a further $40 million through debt to underpin a drilling campaign at its Canadian exploration tenements.
SPECIAL REPORT: Financing opportunities have improved markedly from just two years ago for the state's junior miners, amid growing demand for drill rigs and skilled workers.
Junior explorler Azonto Petroleum has announced plans to farm-in to an oil and gas project in Canada through the acquisition of one of the project's joint venture partners, which is owned by Perth executive Alan Stein.
Tap Oil shareholders have lodged a big protest vote, with more than 35 per cent of votes cast against three resolutions at today's annual meeting, with dissident shareholder Chatchai Yenbamroong accounting for a large share of the opposition.
Oil and gas company Neon Energy has reversed its decision to accept Evoworld Corporation's takeover proposal, after an independent expert's report found the deal to be unfair.
Neon Energy has backed out of a merger agreement with MEO Australia after Evoworld Corporation agreed to make a revised off-market takeover offer for 50 per cent of the shares it doesn't already own in the oil and gas producer.
Neon Energy may be leaving its Perth headquarters after entering into a merger implementation agreement with MEO Australia, which would create a combined entity based in Melbourne.
Neon Energy chairman Alan Stein has warned the company's shareholders against taking any action towards a takeover bid it received earlier in the month.
