The board of Forte Oil Plc, on Tuesday, said it is delaying a plan to raise fresh capital via Book Building, until it concludes the ongoing corporate restructuring.
The offering, according to the company, has received the blessing of the Securities & Exchange Commission (SEC).
The restructuring exercise, the company noted in a statement to the Nigerian Stock Excahange (NSE) is with respect to maximizing the emerging opportunities in the Nigerian energy sector (oil, gas and power), which it said, will be to the ultimate benefit of all stakeholders.