Armour raises cash and spuds development well

ARMOUR Energy has raised A$4 million through a private placement and is looking to raise more cash as it spuds a new development well in the Myall Creek field in south west Queensland.

Armour raises cash and spuds development well Armour raises cash and spuds development well Armour raises cash and spuds development well Armour raises cash and spuds development well Armour raises cash and spuds development well

 

The ASX-listed company told the market this morning it had closed a private placement and allotted 80 million shares at 5 cents per share.