Oil and gas producer Sundance Energy raises capital

June 1, 2016

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US onshore oil and gas producer Sundance Energy has raised A$80-million through a two-tranche placement of 615.4-million shares.

The ASX-listed company, which has assets in the Greater Andarko basin and South Texas Gulf Coast basin in North America, said the proceeds of the raising would be used to accelerate development and make bolt-on acquisitions.

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