The London-based oil company, Soco International Plc sold 7.2 millions new shares on January 20 to raise capital to allow it to exploit oil in Vietnam, Thailand and West Africa.
Setting a 13 year record for the number of shares sold, Saco earned 102 million GBP to invest in its drilling projects.
The company plans to continue its oil exploitation activities in Vietnam as well as at five exploitation wells in West Africa, said Roger Cagle, Saco’s Chief Financial Officer./.
Setting a 13 year record for the number of shares sold, Saco earned 102 million GBP to invest in its drilling projects.
The company plans to continue its oil exploitation activities in Vietnam as well as at five exploitation wells in West Africa, said Roger Cagle, Saco’s Chief Financial Officer./.
