Clove Capital achieves over 20x from Energy Best exit
Clove Capital has achieved a cash multiple of more than 20x through its divestment of Philippines-based oil company Energy Best to Peak Oil and Gas, a wholly-owned subsidiary of ASX-listed Raisama Energy.
Clove channeled the investment through Energy Best into oil exploration company VenturOil, to primarily fund the development of its 20% interest in the SC6 Cadlao oil field and other energy opportunities...
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