APLC says it has raised a total of AUD $557m gross (USD $585m) in three Placings during 2010, 2011 and 2012. The company has so far issued 1,695,433,051 shares, and holds Options of 36,876,524 with Market capitalisation of approximately USD $1.8bn APLC said in a released corporate presentation.
APLC currently holds two offshore exploration blocks; SL-03 rati?ed by Sierra Leonean Parliament, 24th February 2011 and SL-04A which was rati?ed by Parliament 21st September 2012. The company completed 2,500 km2 3D seismic acquisition in September 2011, and seismic interpretation and prospect de?nition during 2012.
It has also received a fast track 3D survey data and initial prospectivity assessment on SL-03 and has identified Turonian – to Campanian – aged prospective channel located 70-100 km of discoveries at Venus, Jupiter and Mercury APLC said on Thursday
ADVERTISEMENT