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Reddevil67

838 Posts.

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11/11/21

10:18

Post #: 57485551
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Originally posted by Futuristic: ↑

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

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This one is open for bidding, any interest?
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