Salamander fires up a rights call

Salamander Energy, the independent upstream oil and gas exploration and production business focused on South-East Asia, is asking its shareholders to put their hands in their pockets to accelerate its drilling programme.

Salamander Energy, the independent upstream oil and gas exploration and production business focused on South-East Asia, is asking its shareholders to put their hands in their pockets to accelerate its drilling programme.

The company is looking to raise around $201m (net) through an underwritten rights issue of 100.7m shares, which shareholders can buy at 130p each on the basis of 13 new shares for every 20 shares held.

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