A non-renounceable entitlement offer of 1 New Share for every 3.2 Shares held by Eligible Shareholders registered as at 7.00 pm on 29 November 2016 at an issue price of $0.15 per New Share to raise approximately $11 million (before costs).
The Offer is fully underwritten.
The Closing Date of the Entitlement Offer is 12 December 2016.
To view the entire Entitlement Offer Document, please visit:
About Petsec Energy Ltd
Petsec Energy Ltd (ASX:PSA) (OTCMKTS:PSJEY) is an independent oil and gas exploration and production company listed on the Australian Stock Exchange. It has operations in the shallow waters of the Gulf of Mexico and state waters of the Louisiana Gulf Coast region of the USA, and exploration activities in the Gulf Coast onshore and bay areas of Texas and Louisiana, USA and Yemen.
Petsec Energy Ltd