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Ramba Energy raises S$11.3m from cash call

Bulk of proceeds will go to field development that is key to it becoming an O&G play
Saturday, September 17, 2016 - 05:50
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TRANSFORMATION AMID LOW OIL PRICES: Mr Soeryadjaya (extreme right among panel members) at Ramba Energy's briefing session for shareholders on Sept 6.

Singapore

MAINBOARD-LISTED Ramba Energy expects to pump the bulk of the S$11.3 million proceeds from a recently completed rights- cum-warrants issue into a planned field development in Indonesia that will transform the group into a majority oil and gas (O&G) play.

Ramba Energy'

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