.....Ophir Energy, the African oil and gas explorer backed by steel magnate Lakshmi Mittal, raised ?243m as it debuted on the London Stock Exchange.
The business said it will use the cash to fund an 18 month exploration programme that includes drilling 12 wells in countries such as Guinea and Tanzania by the end of 2012.
.........The business sold 93.9m shares, or 29.4 of itself, for 250p a share to institutional investors.
The float will see the company sail into the FTSE 250.
As per The Daily Mail, Saturday July 9th 2011.
I believe that the 'reporting requirements' for the FTSE are different than those of the ASX, so we may not ne any better off re information on the drill.
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