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Global Petroleum Limited raises up to £2mln to fund Namibia prospect

ADVFN surges as former director takes his stake to 18%
A look at the major movers on the London market on Thursday
ADVFN in focus on stakebuilding
2.14pm: Financial website in demand
ADVFN PLC (LON:AFN) has seen its shares surge as a former director almost doubled his stake.
The financial information provider has jumped 69.01% or 24.5p to 60p as Yair Tauman, a professor of economics at State University of New York, raised his investment from 9.44% to 18.31%
Professor Taubman, a proponent of game theory, resigned as a director in 2014 due to the pressure of his academic and business commitments, and at the time he said: ADVFN is a great company and should do very well in the future to come. ....

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ADVFN PLC surges as former director takes his stake to 18%

Tullow Oil in demand after refinancing plans
A look at the major movers on the London market on Thursday
oil
Tullow Oil PLC (LON:TLW) is one of the day s risers after it unveiled a refinancing.
The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility.
The proceeds with be used to push out the timeframe for its debt obligations, including redeeming $650mln worth of senior notes due in 2022 and repaying $300mln of convertible bonds due this July. ....

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Character Group PLC set for best annual performance in its history

Global Petroleum raises up to £2mln to fund Namibia prospect
A look at the major movers on the London market on Thursday
10.55am: Explorer issues new shares and warrants
Global Petroleum Limited (LON:GBP) is among the day s bigger fallers after it announced a placing to raise £1mln.
Its shares have dropped 28% or 0.18p to 0.45p, which to be fair is the price at which 222mln shares have been placed.
The company has also issued 111mln warrants at an exercise price of 0.9p a share for a period of two years with one warrant for every two ordinary shares. If exercised in full this would raise another £1mln giving total proceeds of £2mln at an average weighted price of 0.6p a share. ....

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Tullow Oil PLC in demand after refinancing plans

Tullow Oil in demand after refinancing plans
A look at the major movers on the London market on Thursday
oil
Tullow Oil PLC (LON:TLW) is one of the day s risers after it unveiled a refinancing.
The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility.
The proceeds with be used to push out the timeframe for its debt obligations, including redeeming $650mln worth of senior notes due in 2022 and repaying $300mln of convertible bonds due this July. ....

New York , United States , La India , Trinidad And Tobago , United Kingdom , Western Australia , South Africa , Kensington Park , Peter Hill , South Australia , Salt Lake , De Novo , Western Cape , Scooby Doo , Katherine Hays , Brendan Omahony , Suzanne Brocks , Tony Swiercizuk , Stacey Solomon , Warwick Brady , Yair Tauman , Adam Frisby , Ross Andrews , Barts Pub Ltd , United Kingdom Food Standard Agency , Energy Services ,

Tullow Oil PLC in demand after refinancing plans

Tullow Oil PLC in demand after refinancing plans
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