Middle East Economic Survey
VOL. LIII
No 14
05-April-2010
REGIONAL
Petroceltic Raises $120Mn For New Drilling Program
Irelands Petroceltic International has raised approximately $120.5mn from new and existing institutional shareholders to fund a six-well drilling campaign on its concessions in Algeria, Tunisia and Italy later this year, it said on 29 March. The amount was raised by means of a conditional placing of 635,294,000 new ordinary shares priced at 12.75/share. At least three appraisal...
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