Black Mountain Energy to list IPO. It has received an export exemption from the WA government in return for agreeing a domestic gas commitment. There is only handful of companies to get exemption. The business is developing the Valhalla shale gas project in Western Australia and raising a minimum of $11 million, and will list with a market capitalisation of at least $51 million.
Black Mountain Energy acquired the Valhalla assets from Mitsubishi in 2019. Mitsubishi was exiting all of its oil and gas assets, but until this time it had invested around $US200 million in the project.
Brokers: CPS Capital and Foster Stockbroking
- Forums
- IPOs
- Black Mountain Energy
Black Mountain Energy
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online