Australian Worldwide Exploration is looking to raise $23 million via a placement and share purchase plan to fund its raft of Australian projects. Already $18.6 million has been raised via a placement of 23 million shares to institutional investors at 81c. The placement was heavily oversubscribed, according to AWE.
The company said the funds would be used for growth projects such as the Cliff Head oil discovery (AWE 27.5%), the purchase of an additional 7% stake in the BassGas Project (AWE 37.5%) and the Beharra Springs North gas field discovery (AWE 33%).
AWE also announced the introduction of a SPP to raise $4.7 million. All Australian and New Zealand shareholders will be able to subscribe up to $3000 worth of shares at 81c.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
