From placing rns8 May 2021 09:22
Use of Proceeds
The net proceeds of the Placing will primarily be used to fund planned programmes at the El Romeral integrated gas production and power station operation in southern Spain ('El Romeral'), and the Podere Gallina licence onshore Italy where first gas at the Selva field is expected to commence later in 2021, subject to the granting of a production concession. The balance of the net proceeds will be used for general working capital purposes, including the evaluation of new business opportunities.