Jackgreen (ASX: JGL), which listed this morning, is a green energy provider that aims to provide electricity with a green energy component of 5 to 25% at a price equal or lower than that offered by other electricity retailers operating in NSW.

It raised $7 million by issuing 35 million shares at 20c. The stock opened at 19.5c and peaked at 20c before easing back to 17.5c. It closed at 18c for the day on a million shares traded.

The company is already operating and aims to reach break-even within 12 to 15 months of listing, even though it expects to have only about 100,000 customers within three years.

Jaap Poll’s return to the ASX with Ottoman Energy (ASX: OEL) also finished underwater. The 20c shares never made it higher than their 17.5c opening mark, and slid to 16.5c. It raised $3 million by offering 15 million shares at 20c together with 7,500,000 free attached options.

Through 100% owned Turkish subsidiary Edirne Enerji, Ottoman has an 80% interest in three onshore petroleum licences in the Thrace Basin, located in western Turkey in the country's European portion.

Funds from the capital raising will be used to explore these petroleum exploration projects and provide capital for identifying new ventures.