Warrego cashed up as it prepares for West Erregulla drilling

ONSHORE explorer Warrego Energy, which holds a 50% stake in the West Erregulla gas field development in the Perth Basin, has raised A$32 million through a placement to fund its share of drilling two appraisal wells.

Warrego cashed up as it prepares for West Erregulla drilling Warrego cashed up as it prepares for West Erregulla drilling Warrego cashed up as it prepares for West Erregulla drilling Warrego cashed up as it prepares for West Erregulla drilling Warrego cashed up as it prepares for West Erregulla drilling

On Wednesday, Warrego Energy notified the market it had successfully raised the money via a two-tranche placement of shares on offer at 21 cents each. 

The offer price was a 14.