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$2 Million Capital Raise Boosts Surat Basin Oil Production Plans
9:42am on Friday 24th of April, 2026 AEST
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Energy
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$2 Million Capital Raise Boosts Surat Basin Oil Production Plans
9:42am on Friday 24th of April, 2026 AEST
Key Points
Two-tranche placement to raise $2.03 million at $0.0029 per share
Funds targeted for production enhancement and exploration in Surat Basin
Directors to participate and options issued subject to shareholder approval
Sanlam Private Wealth leads placement, earning 6% fee plus options
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