'Tis the season for equity raising

SEVERAL junior upstream operators are looking to raise capital just a week out from Christmas, with Oilex, Helios Energy, Triangle Energy, Lakes Oil and Po Valley Energy all hoping markets gift them with extra cash to fund their operations in the New Year recently.

'Tis the season for equity raising 'Tis the season for equity raising 'Tis the season for equity raising 'Tis the season for equity raising 'Tis the season for equity raising
 
The first to announce an equity raising was Triangle which needed funds to pay for the additional  15% stake in the Xanadu oil project it is acquiring from Whitebark Energy through a