Equatorial Energy closes financing

Canadian oil firm Equatorial Energy Inc. announced on Wednesday that it had closed the private placement of 1,500,000 flow-through common shares at a price of C$2.00 per share.

Equatorial is a Calgary based independent junior oil & gas company engaged in the acquisition, exploration and development of petroleum and natural gas in western Canada and Indonesia.

Equatorial has an 80 percent interest in the Sembakung technical assistance contract (TAC) oil field in northeast Kalimantan, Tanjung Lontar TAC and Kruh TAC in the southern part of Sumatra. (alex)