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Hartshead: North Sea firm lands unique deal to unlock gas field development
Hartshead Resources (ASX:HHR, OTC:PGNYF), an Aussie-listed North Sea gas field developer, has landed a novel funding deal which one City broker reckons is worth nearly 4 times the company's market valuation. A ‘funding solution' agreed with joint venture partner RockRose gives Hartshead optionality whilst, crucially, giving the financial greenlight for the partners to advance the Somerville and Anning gas fields into development.
