Friday August 14, 2020

Petroceltic funding provides fresh firepower in Algeria

The energy exploration company says the risks are high but so are the potential rewards, as it raises more investment to exploit a massive gasfield

14th May, 2011

Petroceltic keeps going to the well.

Last week, the small cap oil and gas exploration company asked shareholders for another cash injection to bankroll a potentially game-changing project for the high-risk, capital-intensive business.

The $60million share placing on London’s AIM last Friday was the third cash call by the £220million company in just over a year.

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