Carnarvon chasing institutions with $50M capital raising

CARNARVON Petroleum is off shaking the tin again for a $50 million capital raising to progress an expanded appraisal and exploration program this year at its Dorado and Roc South developments and with a target of a first well in its Buffalo prospect in Timor-Leste waters. 

Carnarvon chasing institutions with $50M capital raising Carnarvon chasing institutions with $50M capital raising Carnarvon chasing institutions with $50M capital raising Carnarvon chasing institutions with $50M capital raising Carnarvon chasing institutions with $50M capital raising

Funds for expanded programs of drilling, 3D seismic for Apus, Pavo

 
Carnarvon went into a trading halt this morning before announcing the raising targeting institutional and sophisticated investors via a 151.6 million share issue at 33 cents per share.