Sintana has published its routine 1Q results, as well as announcing a private equity placing to raise US$11.5m (gross) at a share price of 22.5p (a 13.5% discount to Friday’s closing price). The fundraise covers Sintana’s expected work programme for the next 24 months, including its share of costs in relation to the Chevron-operated Nabba-1 exploration well, and the closing of previously announced acquisitions in Namibia (interest in licence PEL 37), and Angola (KON-16 licence). Senior managemen ....
