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Pentex Energy has reported that it only sold half the shares in its £7.5m rights issue, which was intended to fund the acquisition of a 32% stake in Sibir Energy. 03-Mar-1998 Sibir Energy has launched a £62m recommended bid for Pentex Energy, its former parent company, which will give it the additional skills it requires for its new oil exploration interests in Russia. 17-Feb-1998 Sibir Energy is discussing the possible acquisition of Pentex Energy, its former parent that has had to abandon an agreement to sell crude oil to Enron due to falling prices. 17-Jan-1998 Sibir Energy, the oil group in which Pentex has a 40% stake, is to raise up to £45m in a share placing in order to accelerate the development of large fields in western Siberia. 19-Dec-1997 Pentex is linking up with Enron of the US in an investment and oil swap that will involve Enron acquiring an 11% stake in Pentex and the forward sale of $32m worth of Pentex's oil output. 14-Nov-1997 Pentex Energy is buying the remaining 50% in the Strangolagalli concession in Italy for £926,000. 24-Jun-1997 Melrose Energy is changing its name to Pentex Energy and selling its oil and gas businesses and US interests for £13.6m. 08-Apr-1997 Melrose Energy is buying Pentex Oil of Aberdeen for £31m. 16-Nov-1995 Pentex Oil is in advanced discussions with a potential buyer. 10-Nov-1995
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