30th Sep 2020 21:21
Bahamas Petroleum Co PLC - Caribbean and Atlantic margin focused oil and gas company - Plans to raise GBP6.0 million to GBP7.8 million through issue of shares at price ranging from 2.0p to 2.5p per share, which will go towards meeting ongoing funding needs, including drilling of the Perseverance 1 well, which is set to spud on December 15. Shore Capital Stockbrokers Ltd is acting as bookrunner and Gneiss Energy as placing agent. Bookbuild set to close no later than 0730 BST on Thursday.
Current stock price: 2.80 pence
Year-to-date change: up 40%
By Dayo Laniyan; [email protected]
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