TTE Petroleum Ltd is looking to raise over $1.9 million via a non-renounceable rights issue and a placement.

The US-focussed E&P company is undertaking a 1:1 pro rata non-renounceable rights issue to raise approximately $792,966.93 at a price of $0.001 per share.

The Offer is partially underwritten by Barclay Wells Ltd.

The company is also undertaking a placement of up to 300,000,000 Shares at $0.001 per Share to raise up to a further $300,000.