Gas2Grid seeking capital for Philippines field development

CONVENTIONAL explorer Gas2Grid is appealing to investors and wants to raise A$1.7 million for development work at its Service Contract 44 project on Cebu Island in the Philippines.

Gas2Grid seeking capital for Philippines field development Gas2Grid seeking capital for Philippines field development Gas2Grid seeking capital for Philippines field development Gas2Grid seeking capital for Philippines field development Gas2Grid seeking capital for Philippines field development

Gas2Grid rig located at the NM-1 well in SC44. Image obtained Gas2Grid.

This morning the company said it was seeking the cash through a 1 for 2 non-renounceable entitlement offer to deepen its Nuevo Malolos-1 well in the Malolos oilfield.