Sold off UKOG shares: consider Petro Matad (MATD) fully funded for a 4 well drilling programme for 2018 with seismic data results due out shortly. Do own research before investing.
Falling heavily: Just enjoy how this is playing out.
88E will have to issue 428,888,842 million shares (representing 13.50% of existing issued share capital of 3,178,064,656 billion.) to raise the maximum capital of £8.14 million. Great days ahead.
Today RNS: Proposed Capital Raising (88 Energy Limited (88E)) Further to the Company's announcement earlier today regarding the trading halt and proposed capital raising, the Company confirms that it is currently seeking to obtain subscriptions for new ordinary shares at a price of 3.5 cents per share (£0.019 per share), to raise between AUS$10 million (c.£5.43 million) and AUS$15 million (c.£8.14 million). It is currently intended that any such capital raising will utilise the Company's existing authorities and will not be subject to shareholder approval. The Company confirms that the terms outlined above are indicative only and there can be no guarantee that a capital raising will be completed on these terms or at all.
RNS: RNS (last paragraph): On 1 March 2016 The Petroleum Bil was signed by the Governor General.
Back from the dead to inflict more losses on the unwise who buy at current prices. Do not mention the referendum. Better prospects elsewhere. Good luck.
Please! Can you all just kiss & makeup. The current impasse is just not cricket.