Damon Neaves-led Finder Energy has announced plans to raise $30 million, as it aims to further accelerate activities at its KTJ oil project off the coast of Timor Leste.
Finder Energy has filed documents to secure the Petrojarl I floating production, storage and offloading vessel from Amplus Energy for US$15 million ($22.8 million).
Tap Oil has urged shareholders to reject a $29.8 million takeover bid from major shareholder Risco Energy Investments, after independent expert BDO valued the company well above the offer price.
Hugo Schumann has been appointed executive director of Apollo Minerals. Mr Schumann is an experienced mining executive and worked with Apollo Minerals on its acquisition of the remainin
Birimian has appointed Michael Langford and James McKay as non-executive directors, following the retirement of Winton Willesee and Hugh Bresser from the board.
Local oil explorer Pura Vida Energy has slashed director salaries and accepted the resignation of chairman Jeff Dowling as it seeks to further cut costs to preserve cash holdings.
Shares in Perth-based African oil explorer Pura Vida Energy took a hit today, dropping more than 50 per cent after it advised that a key exploration well in Morocco had produced disappointing results.
Last month's huge oil discovery off the Pilbara coast, which could be the largest local find in 30 years, has already provided West Perth junior Carnarvon Petroleum with a significant boost to its share price.
Junior oil and gas company Pura Vida Energy has named Jeff Dowling as its new chairman and Ric Malcolm as a non-executive director, with current chairman Bevan Tarratt to resign from the board.
Oil and gas exploration play Pura Vida Energy will tap investors and financiers for up to $12 million, to fund the ramp-up of drilling activities at its newly-acquired Nkembe block, off the coast o
