Source - SMW
Range Resources' (LON:RRL) shares were up in late trading after it advised that second tranche 2 subscription proceeds of $22.1m in cash have been received by the Company.

This means that the total funding provided by Sibo is $30m. This gives Sibo a total holding of approximately 32% in the enlarged share capital of the company.

Range says that this equity funding is at a significant premium to the share price and that the proceeds together with the available credit facility with LandOcean have placed the company on a sound footing to execute the planned work programme of 22 development and exploration wells, implement secondary recovery (waterflood) projects and continue with exploration of deeper production horizons. 

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BG Group (LON:BG.) has transferred 1,925,000 shares from treasury to the trustee of its employee share trust to satisfy awards made to participants which are due to vest under the LTIP on 4 September.

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Dragon Oil (LON:DGO) has confirmed that cancellation of its shares from the official lists of the Irish Stock Exchange and the Financial Conduct Authority will take effect from 8:00 a.m. on 7 September. The last day of trading of Dragon Oil's shares on the main markets of the London Stock Exchange and Irish Stock Exchange will be 4 September. 

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Hardy Oil and Gas (LON:HDY) has confirmed that all resolutions proposed at its annual general meeting today were passed

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The sector's biggest riser was Gulf Keystone (LON:GKP) - up by more than 12% in late trading - while the biggest faller was Nighthawk Energy (LON:HAWK) - down by more than 7%.  



At 4:04pm:

(LON:AUR) Aurum Mining PLC share price was +0.01p at 0.88p

(LON:BG.) BG Group PLC share price was +25.05p at 992.95p

(LON:BOR) Borders  Southern Petroleum PLC share price was +0.08p at 3.23p

(LON:CHAR) Chariot Oil  Gas Ltd share price was -0.27p at 7.36p

(LON:DGO) Dragon Oil PLC share price was 0p at 800p

(LON:ENQ) EnQuest Plc share price was +1.63p at 33.38p

(LON:FOGL) Falkland Oil  Gas Ltd share price was +0.5p at 21.75p

(LON:GKP) Gulf Keystone Petroleum share price was +3.75p at 34.75p

(LON:GPX) Gulfsands Petroleum PLC share price was 0p at 4.75p

(LON:HDY) Hardy Oil  Gas PLC share price was -0.75p at 28.13p

(LON:INDI) Indus Gas Ltd share price was -1p at 109.38p

(LON:PET) Petrel Resources PLC share price was 0p at 2.5p

(LON:RKH) Rockhopper Exploration PLC share price was +1.75p at 53p

(LON:RPT) Regal Petroleum PLC share price was +0.25p at 4.5p

(LON:RRL) Range Resources Ltd share price was +0.05p at 0.6p

(LON:XEL) Xcite Energy Ltd share price was +0.13p at 28.38p



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