Cape Lambert subscribed for $1.5 million in Monitor’s shares as part of a $2 million raising by the oil company.
This gives Cape Lambert a 10.3% stake in Monitor, which has assets in the Cooper Basin.
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CAPE Lambert has increased its stake in oil explorer Monitor Energy as part of its strategy to invest widely in early-stage resource plays.
Cape Lambert subscribed for $1.5 million in Monitor’s shares as part of a $2 million raising by the oil company.
This gives Cape Lambert a 10.3% stake in Monitor, which has assets in the Cooper Basin.
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