Page 5 - Tulip Oil Netherlands News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Follow Jamie on: Proactive Oil & Gas weekly highlights: Diversified Energy Company, Union Jack Oil, Tower Resources, ADM, Scirocco, Hurricane, Kistos, Challenger Energy It was another active week in the small-cap oil and gas sector. Diversified Energy Company PLC (LON:DEC) confirmed it has raised US$225mln in a placing and retail offer as it advances its latest acquisition. It will issue 141.5mln new shares at 112p per share. Proceeds will cover the cost of the newly announced Blackbeard acquisition which sees the company pick up another 820 wells producing 16,000 barrels oil equivalent per day (boepd) in its recently established Central regional focus area (RFA). The deal consideration is US$166mln.

City ofUnited kingdomNorth yorkshireNorth seaOceans generalOsamede okhominaSuperdielectrics ltdTulip oil netherlandsTower resourcesChallenger energy group plcUnion jack oilTechnological developmentBahamas petroleum companyKistos plcHelium one global ltdScirocco energy plc