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UIL Energy Ltd (ASX:UIL) has raised $750,000 via a share placement to professional and sophisticated investors at $0.05 per share, to advance its Perth Basin gas and liquid projects. The company will also allow existing shareholders to participate in a $750,000 share purchase plan on the same terms as the placement. The new funds will allow UIL Energy to focus on the Perth Basin where it is targeting gas/liquid plays and prospects in two separate project areas.
UIL Energy Ltd (ASX:UIL) has been granted a trading halt by the ASX this morning, pending details of a capital raising. The halt will last until the opening of trade on Thursday 29th September 2016, or earlier if an announcement is made to the market.
Local petroleum executive John Begg is planning to list his recently formed private company Bombora Natural Energy after striking a deal to farm-in to UIL Energy’s Perth Basin tenement.
UIL Energy Ltd. reported Thursday that the company has completed the sale of shares agreement to acquire Eneabba Gas’ Perth Basin permit interests in Western Australia.
Black Rock Mining Ltd (ASX:BKT) is focused on exploring and developing its Mahenge graphite project in Tanzania.
UIL Energy Ltd., a junior exploration company, revealed Friday that the company indicated that the completion of the acquisition of Eneabba Gas Ltd.'s Perth Basin permit interests in Western Australia will be completed shortly.
UIL Energy, a junior exploration company in Australia, announced Monday that the completion date for the Sale of Shares Agreement (SSA) with Eneabba Gas Ltd. to acquire the latter's permit interests in the Perth Basin, Western Australia has been extended to Aug. 31, 2016.