AUSTRALIA

Impress to raise cash for Vicpet JV

IMPRESS Energy says it has begun a $1.6 million capital raising program to fund its ongoing exploration and development drilling program in the Victoria Petroleum-led PEL 104 and 111 joint venture in the Cooper Basin.

Marija Stojkovic

The company said it decided on the capital raising after recent farm-in partner Odin Energy pulled out of the agreement - in which Odin had the option to fund the drilling of the Tempest-1 well - and the...

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