KrisEnergy (KE) said it is making a share offer of up to 152.8mil shares with an indicative price of up to $1.10 per share but no  time frame was given, the IPO should likely be done by Aug 15. KE said that proceeds from the IPO will go towards more E&P acquisitions and farm‐ins, planned capital expenditure,
including exploration, appraisal and development of existing assets, and for general working capital. KepCorp said that it was investing up to a maximum US$122.66mil to exercise a call option, given under the earlier deal, to acquire another 16% in KE.

Source: The Business Times / Bloomberg / Straits Times