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Bowen IPO breaks drought

TRIANGLE Energy has spun out PL 231 in the Bowen Basin into an initial public offering of State Gas, breaking Australia’s IPO drought in the process and giving the Bowen Basin asset clarity around its valuation and the attention it deserves.

Anthony Barich
Bowen IPO breaks drought

This morning State Gas launched its prospectus for the IPO to subscribe 26.25 million shares at 20cps to raise $5.25 million, with Triangle as its largest shareholder with 35.47% ($9.577 million once the...

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