Australia’s upstream company Horizon Oil Limited said it has successfully raised approximately A$10 million, before fees, in new capital through a share purchase plan (SPP), underwritten by ABN AMRO Morgans Corporate Limited. (US$1=A$1.3). The capital raised, together with existing cash reserves of approximately A$4 million, will finance the costs of several projects including: The…
AUSTRALIA: Horizon Oil reports successful share purchase plan to raise A$10 million
Posted on January 18, 2005 by EnergyAsia