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:
http://abnnewswire.net/lnk/M6UGT7K7
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 and on the US OTC Market. It has operations in the shallow waters of the Gulf of Mexico and Louisiana Gulf Coast region of the USA, and in the Republic of Yemen.
Source:
Petsec Energy Ltd
Contact:
Mr. Paul Gahdmar Company Secretary & Group Financial Controller Petsec Energy Ltd T: +61-2-9247-4605 Mr. Manny Anton Head of Investor Relations Petsec Energy Ltd T: +61-2-9247-4605 www.petsec.com.au