Warrego Energy has secured $32 million in funding that will be used for the West Erregulla drilling campaign in the Perth Basin, Western Australia.
The company has received commitments for a two-tranche placement to investors at $0.21 per share.
Warrego plans to use the funds for the drilling of the West Erregulla 4 and West Erregulla 5 appraisal wells, 3D seismic over the remainder EP469 and general working capital.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.