Perth-based oil and gas explorer Strike Oil Ltd has announced plans to raise $4.9 million through a non-renounceable entitlements offer, one month after withdrawing a $7.9m entitlements issue because of inconsistent drilling results.

Perth-based oil and gas explorer Strike Oil Ltd has announced plans to raise $4.9 million through a non-renounceable entitlements offer, one month after withdrawing a $7.9m entitlements issue because of inconsistent drilling results.