AUSTRALIA

Bass Strait tops up the kitty

BASS Strait Oil is funded for plans to run 3D seismic over two of its eastern Gippsland Basin permits offshore Victoria after shareholders supported a one-for-six issue, albeit with a shortfall to be made up by the underwriter.

Andy Graham

Bass Strait said $812,605.40 was received from existing shareholders by the closing date of last Friday, for a total of 54,173,693 shares. Underwriter GMP Securities Australia will have a shortfall of...

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