Sun raises cash for Woodbine work

Australian junior Sun Resources has completed a A$13.5 million (US$12.3 million) capital raising to help fund its ongoing work in the emerging Woodbine tight oil play in Texas.

Capital raising: Sun Resources has raised A$13.5 million to fund ongoing work in Texas' Woodbine tight oil play
Capital raising: Sun Resources has raised A$13.5 million to fund ongoing work in Texas' Woodbine tight oil play
Published 9 August 2013, 03:19Updated 11 October 2016, 13:53