Philip has more than 20 years' experience writing about companies, general finance and investing matters for a variety of publications. His career has involved spells at the Investors Chronicle, where he was small companies and companies editor, Investors Week and most recently as editor of online financial news wire Sharecast. He has also contributed to a wide range of financial-focused publications on a freelance basis.
Broadford Bridge-1 (BB-1) will test a geological look-alike to Horse Hill, located on the southern flank of the Weald Basin.
The AIM-listed explorer placed £2.1mln of shares at 6p per share with up to a further £1.5mln to come from an open offer.
John W Barr, Mosman’s chairman, said: “Production from existing wells is expected to increase in the next few months as new wells and new pay zones come on stream. “The acquisition has been structured to secure an initial interest and the options to acquire additional interests over time and Mosman welcomes the...
Wireline logging at the well was completed over the weekend,
Nostra will pay £65,000 in cash and issue 2.4mln new shares at an implied price of 2.5p.
"This acquisition delivers production and resources with upside potential at an economically acceptable cost"
The licence lies in 1,500m water in the southern Porcupine Basin around 170 km off the south west coast of Ireland.
“Importantly, the company's visibility of existing and potential sales opportunities around the world is currently greater than at the same time last year."
A round-up of some of today's broker commentary
Hargreaves Lansdown, Antofagasta, Atlantis Resources are all under the broker microscope today
M&S still a buy, Hurricane Energy, Redrow, Amec Foster Wheeler
HSBC upgrade plus Savannah Resources, Paddy Power Betfair and US election