Orphir Energy silent on funding update

FTSE-250 oil and gas explorer Orphir Energy issued a third quarter update covering its activities in Kenya, Tanzania, Gabon and Equatorial Guinea but provided no news of an anticipated fundraising.

FTSE-250 oil and gas explorer Orphir Energy issued a third quarter update covering its activities in Kenya, Tanzania, Gabon and Equatorial Guinea but provided no news of an anticipated fundraising.

The company needs to raise funds in order to finance its extensive exploration programmes and it had been expected that it might reveal details of how it would do this.

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