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
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.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine