- As announced to the ASX on 13 August 2012, Golden Gate Petroleum (“Golden Gate” or the “Company”) has signed a mandate with Novus Capital to raise up to $10 million by way of the issuance of Secured Convertible Notes (the “Offering”) on a best endeavours basis
- The Offering will be used to fund Golden Gate’s investment in the drilling of the Company’s first horizontal well, SRH #5H, which is expected to start drilling in 2nd Quarter 2012/13 FY, and the acquisition of other properties in the Permian Basin
- Golden Gate has also identified some additional properties in the Permian Basin which may be attractive from an acquisition perspective which will be funded out of the Offering
- This investor presentation gives an overview of Golden Gate, its Permian Assets and summary of the Offering.
To view Presentation please download PDF below: