Helium One's David Minchin talks to Proactive London about their recent placing which was an oversubscribed share placing.
This is all ahead of its listing in London, and its transaction with Attis Oil and Gas Limited (LON:AOGL). As a consequence of the response, the firm will now raise £6m, not £5m, after the company saw around £8.5mln of investor demand.
Proceeds will be used to fund a seismic programme and a programme of three wells, to kick off in the first half of 2021. Drilling will target the high priority Prospects at the Rukwa project.