Oil and gas explorer Golden Gate Petroleum Ltd will raise $4.1 million to repay debt and fund drilling exploration on Padre Island and in particular the drilling of Plum Deep in Texas on the Gulf of Mexico coastline.

Oil and gas explorer Golden Gate Petroleum Ltd will raise $4.1 million to repay debt and fund drilling exploration on Padre Island and in particular the drilling of Plum Deep in Texas on the Gulf of Mexico coastline.