Portland Gas (PTG)

Portland Gas (PTG)

Portland Gas (PTG) -  Raises £9m

Portland Gas said it has raised £9m pounds before expenses by placing 2.54 million shares 355 pence each. The net proceeds will be used to advance work at Portland gas storage project, to drill a confirmation borehole later this year at Larne Lough project in Northern Ireland, and to develop further storage opportunities, the company said.

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