Pryme Oil and Gas Limited (ASX:PYM) Completes Non-Renounceable Rights Issue
Brisbane, Dec 6, 2010 AEST (ABN Newswire) - Pryme Oil and Gas Limited (
ASX:PYM) (OTCQX:POGLY) refers to the non-renounceable rights issue announced on 31 August 2010 and offered to eligible shareholders on 20 September 2010 (Rights Issue).
Pryme advises that 6,619,051 fully paid ordinary shares were allotted and issued today, 6 December 2010, to Eligible Shareholders who applied for shares under the Rights Issue.
Attached is an Appendix 3B seeking quotation of 6,619,051 ordinary shares issued under the Rights Issue. The issued share capital of Pryme after the allotment and issue of shares under the Rights Issue is 216,459,876 fully paid ordinary shares.
The Directors wish to thank the shareholders for their continued support and participation in the Rights Issue.
For the complete Pryme Oil and Gas announcement including Appendix 3B, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/64362-ASX-PYM-519127.pdf
About Indago Energy Ltd
Indago Energy Ltd (ASX:INK) (OTCMKTS:POGLY) is an Australian listed company engaged in oil and gas exploration, development and production. Indago's project portfolio includes liquid rich producing assets together with substantial oil development and exploration acreage in the United States.
The Company's Exploration and Production focus is on high growth oil and gas projects offering scalability of production, cash flows and reserves. Indago currently has several producing projects together with a significant acreage position. The Company's immediate focus is the development of its Capitola Oil Project located in an active region of the Cline Shale resource play along the Eastern Shelf of the Permian Basin, Texas. The project's core development and exploitation opportunities are shallower multiple "stacked" sandstones and limestones to depths of 7,000 feet which are effectively produced from vertically drilled wells. Indago's value driven model is executed through exploiting shallower, well defined intervals with advanced completion and stimulation technology within known produced oil fields together with exposure to the emerging Cline Shale resource play.
Indago's shares are publicly traded on the Australian Securities Exchange (ASX ticker: INK) and also as American Depositary Receipts on the OTCQX (ADR ticker: POGLY).
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