Carnarvon raises A$50 million for Dorado appraisal

CARNARVON Petroleum’s popularity with investors saw the company fill its pockets shortly after announcing a placement two days ago, as it looked to raise A$50 million to progress appraisal and exploration at its Dorado and Roc South assets.

Carnarvon raises A$50 million for Dorado appraisal Carnarvon raises A$50 million for Dorado appraisal Carnarvon raises A$50 million for Dorado appraisal Carnarvon raises A$50 million for Dorado appraisal Carnarvon raises A$50 million for Dorado appraisal
 
The explorer announced the placement Tuesday morning, offering a 151.6 million share issue at 33 cents per share, which was a 10.8% discount to its last closing price and a 12.