Kerogen takes bigger Lucas stake

CONTRACTOR AJ Lucas has raised $30 million by issuing shares to its biggest shareholder at a healthy premium to its market price.

Kerogen takes bigger Lucas stake Kerogen takes bigger Lucas stake Kerogen takes bigger Lucas stake Kerogen takes bigger Lucas stake Kerogen takes bigger Lucas stake

Oil and gas-focused Hong Kong investment company Kerogen has bought more than 22 million shares at $1.35, well above the current market value of AJ Lucas shares, which were at 74c on Friday.

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