UIL Energy was established in September 2011 to focus on oil and gas opportunities in Australia, specifically targeting proven hydrocarbon basins, supported by nearby pipeline infrastructure and robust gas pricing. UIL holds significant tenement position with permits and applications within the Perth and Canning basins covering 4.3 million acres prospective for conventional and unconventional petroleum.
Issuer UIL Energy Ltd (ASX:UIL) (“UIL Energy” or the “Company”)
Transaction Initial Public Offer to raise a minimum of A$4.2 million and up to A$6.0 million.
Lead Manager Bell Potter Securities Limited
Offer Price A$0.20
Shares on Issue post Offer Minimum of 108,007,755 shares and up to 117,007,755 shares
Market Capitalisation at the Offer Price Minimum of A$21.6m and up to A$23.4m
