CVN 0.00% 20.5¢ carnarvon energy limited

no doubt a fantastic deal for CVN and hopefully Advance and...

  1. 237 Posts.
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    no doubt a fantastic deal for CVN and hopefully Advance and we'll get through 30c (dunno by how much - hope the techies jump on it once it does)
    2 critical boxes to be ticked now

    - Advance getting the money having just raised some a month ago :

    Advance Energy plc (AIM:ADV), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, announces that it has raised £300,000 (gross) by way of a placing ("Placing") of 136,363,636 new ordinary shares of no par value in the Company ("Ordinary Shares") (the "Placing Shares") at a price of 0.22 pence per Placing Share ("Placing Price") through Optiva Securities Ltd ("Optiva"), the Company's joint broker. Use of ProceedsThe Company intends to utilise the net proceeds of the Placing to provide funds for progressing new venture opportunities and for general working capital purposes.

    - get drilling by October so there's no cyclone season issue and associated cost overrun

    Well done AC and team
 
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