Oil and gas firm Medco Energi Internasional (MEDC) targets to raise US$150 million from offering new shares or rights issue and warrant. It plans to offer 4.45 billion new shares and 4.45 billion warrants. The existing shareholders will potentially face a share dilution of up to 22.2% if they failed to exercise their rights. After rights issue, MEDC’s capital will reach Rp444.49 billion.