Empyrean Energy (GB:EME) has released an update.
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Empyrean Energy has successfully raised £1.12 million through a share placement to fund its operations, including exploring the promising Wilson prospect in Australia’s Cooper Basin. The company plans a capital reorganization to adjust share values and is considering acquiring a significant stake in the project, with potential for substantial oil yield. This strategic move aims to bolster Empyrean’s position in the oil and gas sector, leveraging its existing assets in Indonesia and the U.S.
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