EXPLORATION

Otway looking for exploration funds

NEW oil and gas player Otway Energy has lodged a prospectus to raise up to $11 million for the exploration of its two tenements in South Australia's Otway Basin.

Marija Stojkovic

Under the prospectus, Otway is looking to raise $9 million via the placement of 45 million shares at an issue price of 20c per share. The company may accept oversubscriptions of up to $2 million to raise...

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