Empire raises A$30M for Pangaea takeover

EMPIRE Energy has successfully raised A$30 million through a two-tranche placement to institutional and sophisticated investors and is now fully funded to complete the acquisition of the Pangaea Beetaloo assets in the Northern Territory.

Empire raises A$30M for Pangaea takeover Empire raises A$30M for Pangaea takeover Empire raises A$30M for Pangaea takeover Empire raises A$30M for Pangaea takeover Empire raises A$30M for Pangaea takeover

Beetaloo play out in front to begin commercial production

The explorer announced earlier this week it plans to merge with Beetaloo player Pangaea Resources in a cash, scrip and option deal - doubling its footprint in the sub-basin.