Mediterranean Oil & Gas has announced that two Non-Executive Directors of the company, Salvatore Russo and Michael Seymour, will step down from the board with immediate effect. Enrico Testa, the Chairman of the Board of Telit Communications, has been appointed into the role with immediate effect. He has previous been a director at Allianz, the Managing Director of Rothschild, and Chairman of Enel.
Amerisur Resources, an oil and gas producer and explorer focused on South America, has placed 70m new ordinary shares at 37.5p each, representing around 7.3 per cent of the ordinary shares currently issue. The placing raised gross proceeds of £26.25m (around $42m) will be used to accelerate its growth profile and access new opportunities within its areas of core presence and expertise, including the next Colombian licensing round.
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