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Georgina Energy Raises GBP1 Million via Share Placing
Georgina Energy (GEX.L) raised 1 million pounds sterling through a share placing to fund its work programs and for general working capital needs.The helium, hydrogen, and natural resources developer issued 20 million ordinary shares at 0.05 pound apiece, according to a Monday release.The shares will start trading on the London stock exchange's main market on Friday.
BP, Partners Start Commercial Gas Production at Azeri-Chirag-Gunashli Field
BP (BP.L) on Monday reported the start of non‑associated gas production operations at the Azeri-Chirag-Gunashli field in the Azerbaijan sector of the Caspian Sea.The development marks the first commercial gas production operations in the field's nearly three-decade history. The start of operations will be focused on well and reservoir testing activities in the Qirmaki Lower Sand reservoir.The British energy major operates the field, with a 30.37% interest. The remaining stakes are held by State Oil Co. of Azerbaijan, or Socar, MOL, Inpex, ExxonMobil (XONA.F), TPAO, and ONGC Videsh.