{"id":10640,"date":"2009-05-21T00:00:00","date_gmt":"2009-05-21T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"falkland-oil-raises-76-million-stg-in-placing","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/falkland-oil-raises-76-million-stg-in-placing.html","title":{"rendered":"Falkland Oil raises 7.6 million stg in placing"},"content":{"rendered":"<p>Your Industry News &#8211; Falkland Oil and Gas Ltd (FOGL.L: Quote) said it conditionally raised about 7.6 million pounds ($11.8 million) to help fund capital expenditure on long-lead drilling equipment, and general and administrative costs through 2010 into 2011.<\/p>\n<p>The AIM-listed oil and gas explorer said it issued about 10.4 million new shares to certain directors and institutional investors at 73 pence apiece, representing a 19 percent discount to the shares&#8217; closing price of 90 cents on Tuesday.<\/p>\n<p>Falkland Oil said it placed 1 million of the placing shares with one of its founding shareholders, RAB Special Situations (Master) Fund Ltd, managed by hedge fund manager RAB Capital Plc (RAB.L: Quote).<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.yourindustrynews.com\/falkland%2Boil%2Braises%2B7.6%2Bmillion%2Bstg%2Bin%2Bplacing_32938.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your Industry News &#8211; Falkland Oil and Gas Ltd (FOGL.L: Quote) said it conditionally raised about 7.6 million pounds ($11.8 million) to help fund capital expenditure on long-lead drilling equipment, and general and administrative costs through 2010 into 2011. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1024,577,12004,3545,12003,11999,12001,12000,12002,37,12005,781,4375,3170,5661,7456],"class_list":["post-10640","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-million","tag-6-million","tag-administrative-costs","tag-aim","tag-drilling-equipment","tag-falkland-oil-and-gas","tag-fogl","tag-fund-capital-expenditure","tag-gas-ltd","tag-hedge-fund-manager","tag-industry-news","tag-institutional-investors","tag-oil-and-gas","tag-pence","tag-shareholders","tag-special-situations"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10640"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10640\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}