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 (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.
(Updates to add information)BP (BP.L) is reducing its interest in the Browse natural gas project in Australia to 39.33%, according to a Monday emailed statement.The British oil and gas company agreed to divest a 5% working interest in the project to South Korean energy services provider GS Energy. The development is Australia's biggest undeveloped offshore gas resource."bp and its partners continue to see long-term value in the project, including its role in supporting energy security in Australia and the region," the company said.The transaction is subject to regulatory and joint venture approvals.