Dominion Raises Africa Cash

摘要

London-listed Dominion Petroleum said Wednesday it has raised $10 million from BlueGold Capital ahead of a drilling campaign in its EA4B exploration license in Uganda. The company was granted a twoyear extension to half its previous exploration license in early August. The license area contains four identified prospects with a combined 1.7 billion bbl of oil in place, and Dominion has identified site locations for two prospects targeted to be drilled in early 2010.