Australia's Sundance Energy is aiming to raise $331m to purchase the Eagle Ford Shale properties in Texas. The company has already raised $200m from investors including Goldman Sachs, and it plans to use that money for a new refinery, which will be built on its existing property at Port Hedland near Brisbane. Sundance is primarily known for its onshore Gulf Coast Basin operations in the US state.
Australia's Sundance Energy is aiming to raise $331m to purchase the Eagle Ford Shale properties in Texas. The raising was launched by brokers Aitken Murray Capital Partners, Euroz Securities and Morgans and is split into two tranches of $22m and $235m and a renounceable rights issue of $74m. Sundance is primarily known for its onshore Gulf Coast Basin operations in the US state.