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2016-06-09 18:30:00

TESCO NEED MONEY

TESCO NEED MONEY

 

TESCO CORPORATION SHARE PRICES

 

TESCO CORPORATION FINANCIAL RESULTS

 

HOUSTON, Texas, June 8, 2016 /PRNewswire/ -- Tesco Corporation (the "Company") (NASDAQ: TESO) today announced that it has priced its underwritten public offering of 7,000,000 common shares of the Company at a price to the public of $7.00 per share. The Company has granted the underwriter a 30-day option to purchase up to an additional 1,050,000 common shares at the offering price (less the underwriting discounts). The Company expects to close the sale of the common shares on June 14, 2016, subject to customary closing conditions.

The Company intends to use the net proceeds of the offering for general corporate purposes, which could include working capital, capital expenditures, acquisitions or other initiatives.

BofA Merrill Lynch is acting as the sole book-running manager for the offering.

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Earlier: 

TESCO NET LOSS $56.8 MLN 

TESCO NET LOSS $133.8 MLN 

TESCO CORPORATION DOWN 57% 

TESCO CORP LOSS $35.7 MLN 

ISSUES FOR TESCO CORPORATION 

TESCO NAMED THE NEW BOSS 

TESCO: BELOW EXPECTATIONS AGAIN 

TESCO ANNOUNCES $100 M 

TESCO CORPORATION: SALES & DOWN 

TESCO OVERWEIGHT 

TESCO: CEO SELLS - 2 

TESCO: CEO SELLS 

TESCO CORPORATION: DIE ANOTHER DAY 

TESCO DON'T PAY AND LOSE 

TESCO REWIEW STRATEGIC PLAN 

TESCO CORPORATION ANNOUNCES Q-4 2013 

 

 

 

 

Tags: TESCO, CORPORATION, OIL, GAS, DRILLING, TOP, DRIVE

Chronicle:

TESCO NEED MONEY
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

TESCO NEED MONEY
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

TESCO NEED MONEY
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

TESCO NEED MONEY
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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