Fairfield Energy says that the $150m additional funding by the Company's current shareholders has completed.

The US$150m, which was provisionally approved by Fairfield's current shareholders in January, will be used to realize the potential value of the Company's current asset base, and to successfully position Fairfield for future growth opportunities.

Chris Wright, CEO, said,'We are delighted to announce the completion of the additional funding. Fairfield is now in a strong position where we are fully funded for the current work programme. We have been making good operational progress across the portfolio, including with the recent approval of the Clipper South Development Plan.

'With the financial resource in place and a clear strategy for growth, these are exciting times to be at Fairfield. We thank our shareholders for their continued support, and look forward to delivering more success in the months ahead.'

Tags: Fairfield Energy Ltd