EXPLORATION

Eromanga cashed-up for Brazilian oil development

BRAZILIAN explorer Eromanga Hydrocarbons has secured a $A10 million funding facility that will allow it to further develop oil production at blocks 330 and 430 in the Sergipe-Alagoas Basin.

Eromanga cashed-up for Brazilian oil development

The facility will be provided by Fortrend Securities and is available for three years. Eromanga can draw down funds at any time by the issue of shares to Fortrend at a 10% discount to the average closing...

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