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1st February 2012 OPL raises A$6.35 million for Tangiers Petroleum Limited ahead of AIM dual listing. Tangiers Petroleum Limited has undertaken a private placement book build to raise approximately AUD$6.35 Million with OPL acting as joint book runner and Joint Broker in advance of Dual ASX/AIM. The placement is to be used for: • Advancing the company’s oil exploration programme in Morocco and Australia • Meeting the costs of the company’s AIM listing; and • General working capital We are acting as UK brokers to the placement.

Old Park Lane Capital PLC (“OPL”) is pleased to announce that it has been appointed as joint broker to Leni Gas & Oil plc. David Lenigas, Executive Chairman of LGO, commented, “We are delighted to have OPL on board as joint broker to LGO and we look forward to working closely together as we continue to develop our exciting range of projects in Spain, Trinidad and the US.”

This fund raising was conducted pursuant to the exercise of nearly 250 million outstanding options that expired at the end of December 2011, providing Range with approximately A$15.5m of additional capital. OPL successfully placed 70 million shares at 7.5p (A$0.115), issued upon exercise of the same number of options, raising £5.25m (A$8.05m) for Range. Range is now well positioned to advance its aggressive drilling programme across several territories in 2012. In Trinidad, Range will accelerate its multi-well development drilling schedule over the next twelve months. Meanwhile in Texas, drilling on the Albrecht #1 appraisal well on the North Chapman Ranch Project is approaching target depth and a successful result could significantly enhance the company’s...

Xceed Resources Limited is an ASX-listed coal exploration and development company with a portfolio of projects in South Africa. Xceed plans to bring its flagship Moabsvelden thermal coal project into production by late 2013 producing 3 Mtpa ROM coal. Moabsvelden is ideally situated within the Witbank coal field to supply the domestic, industrial and export coal markets. Xceed also has a well-developed project pipeline and plans to become a multi-mine producer by developing low-cost, long-life coal mines. OPL was appointed as a consultant to Xceed in December.

The economy and the environment will both be top of the agenda in 2012.  Barney Gray from Old Park Lane Capital, the UK’s leading dedicated natural resource broker, has offered his expert views on some of the stories that have circulated this year. Barney Gray, Head of Research at Old Park Lane Capital, said: “With economies struggling and our high dependence on energy it’s really important that policy makers base important decisions on scientific fact.” Barney offers an expert insider view on some of the most controversial stories.  He says: Resource explorers are NOT going to drill popular beauty spots or mine under historic buildings in the UK:  World consumption of oil is over 80 million barrels a day. Stories about ‘a million barrels’ of oil...

Old Park Lane Capital (OPL), the UK’s definitive natural resource broker to companies quoted on both ASX and AIM, has won its first TSX Venture Exchange listed client, Simba Energy Inc (TSXV: SMB). OPL has been engaged by the Canadian oil & gas exploration company as a consultant with a view to AiM listing within the next 12 to 18 months. Simba Energy focuses on overlooked and underexplored basins in Africa and has secured Production Sharing Contracts (PSCs) in Kenya, the Republic of Guinea and Mali. Simba also holds a Hydrocarbon Reconnaissance Licence in Liberia and is in advanced negotiations for an additional PSC in Ghana. This is an exciting new client win for OPL and it follows a flood of wins over the summer months which include Red Emperor Resources,...