Australia’s former ExxonMobil subsidiary Delhi Petroleum is trying to raise A$250 million from the public through a hybrid offering that pays investors a 11% yield, according to the Australian Financial Review (AFR). (US$1=A$1.45). Delhi Petroleum holds about 21% of the offshore Cooper and Eromanga Basin oil and gas exploration and production assets. A Westpac-managed investment…
AUSTRALIA: Former Exxon subsidiary Delhi Petroleum aims to raise A$250 million
Posted on July 30, 2004 by EnergyAsia