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Friday, 21 November, 2008, 20:50 GMT | more >>

PA raises exploration funds



By Upstream staff 

Sweden's PA Resources has raised Nkr270 million ($44.1 million) to finance its exploration activities in Tunisia, Equatorial Guinea, Norway and Congo-Brazzaville.

The company had sold 5 million shares at Nkr54 million per share on Oslo and Stockholm stock exchanges to institutional investors.

The private placement was managed by Carnegie and SEB Enskilda.


Wednesday, 13 December, 2006, 07:44 GMT  | last updated: Wednesday, 13 December, 2006, 07:51 GMT

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