3D Energi Raises $14.5 Million

3D Energi Raises $14.5 Million

3D Energi, the junior ASX-listed exploration partner of ConocoPhillips, has successfully raised $14.5 million through a discounted share placement. The funds will contribute to 3D Energi’s share of the costs associated with ConocoPhillips’ extensive drilling campaign, valued at over $100 million, off the Victorian coastline. The company sold shares at 14 cents each, representing a 17.6 per cent discount compared to its last traded price of 17 ce…