OIL

Tap well placed for Thai acquisition

TAP Oil has raised $57 million to help fund the acquisition of a majority stake in Thailand-focused Northern Gulf Petroleum despite the retail component of its entitlement offer falling short.

Tap well placed for Thai acquisition

Last month, the company raised $37 million from the institutional component of the $69 million one-for-two entitlement offer and $13 million from a placement. The retail component of the entitlement...

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