East Perth-based Salinas Energy has raised $5.7 million through a heavily oversubscribed share placement, with part of the funds to be applied towards new venture opportunities in South East Asia.
Oil production and sales revenue from Subiaco-based Salinas Energy Ltd's North San ardo field in California has exceeded internal forecasts with revenue beating the budget by 25 per cent for July.
Subaico-based Salinas Energy Ltd has raised $6.3 million through a share issue, allowing it to pursue further growth in its Southern California oil fields.
Subaico-based Salinas Energy Ltd has acquired a 50 per cent interest and operatorship of the Paris Valley oil field in the Salinas Basin, located in California's Monterey County, the company has announced.
