Winchester raises cash to fast-track Permian exploration

AUSTRALIAN junior oiler Winchester Energy has successfully raised A$6.4 million through a placement to fund exploration and production operations across its Permian Basin assets in Texas.

Winchester raises cash to fast-track Permian exploration Winchester raises cash to fast-track Permian exploration Winchester raises cash to fast-track Permian exploration Winchester raises cash to fast-track Permian exploration Winchester raises cash to fast-track Permian exploration

 

The company said this morning it had received firm commitments for 128 million new shares at an issue price of 5 cents per share, representing a 14% discount on the 10-day average share price.