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Macallum New Energy secures A$3 million for Perth Basin drilling push
9:34am on Wednesday 28th of October, 2026 AEDT
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Oil and Gas Exploration
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Macallum New Energy secures A$3 million for Perth Basin drilling push
9:34am on Wednesday 28th of October, 2026 AEDT
Key Points
Approximately A$3 million raised at A$0.14 per share
21.46 million new shares to be issued in two tranches
Funds directed to EP 494 and EP 511 exploration and farm-out work
Potential drilling remains targeted for the second half of 2027
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