Independent Resources raises cash as quick fix cover for capital costs
Independent Resources has raised £200,000 to cover its capital costs in the short term.
Independent Resources
Independent Resources slashing debt and costs
Independent Resources will see its debt reduced by around £500,000 after a shares issue and put in place plans to substantially reduce holding company cash outgoings to around£700,000 over next 12 months.
Independent Resources eyes new equity funding
Independent Resources has begun to seek shareholder approval for a reorganisation of its share capital which could lead to the company raising equity funding.
Nostra Terra eyes acquisition targets as oil price falls
Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt is eyeing potential acquisitions as the oil price tumbles, the company has confirmed.
Nostra Terra and Independent Resources snap up first JV asset in North Africa
Nostra Terra Oil & Gas and its joint venture partner Independent Resources have snapped up their first acquisition in North Africa. An agreement has been reached with Transglobe Energy for the acquisition by of a 50% share in the East Ghazalat concession for $3.5million.
Independent Resources eyes prospects in Tunisia after successful survey
Independent Resources has identified hydrocarbon prospects at its Ksar Hadada permit in Tunisia.
Independent Resources strikes deal to carry out Tunisia survey work
Independent Resources has struck an exclusive agreement with Scotforth Limited to carry out a remote sensing hydrocarbon survey at its Ksar Hadada permit in Tunisia. The survey is expected to be completed within six weeks.