Mayer Brown and Stephenson Harwood have taken roles on the largest flotation of an oil and gas company on the London Stock Exchange - by finances raised - in the last five years. The complex deal, which took almost two years to complete, saw Eland Oil and Gas raise £118m on its Alternative Investment Market listing, enabling the company, in a joint venture with Starcrest Nigeria Energy, to acquire a 45% stake in the onshore Niger delta oilfield Oil Mining Lease 40 (OML 40) for $154m (£97m).
September 13, 2012 at 10:59 AM
1 minute read
The original version of this story was published on Legalweek
Mayer Brown and Stephenson Harwood have taken roles on the largest flotation of an oil and gas company on the London Stock Exchange – by finances raised – in the last five years.
The complex deal, which took almost two years to complete, saw Eland Oil and Gas raise £118m on its Alternative Investment Market listing, enabling the company, in a joint venture with Starcrest Nigeria Energy, to acquire a 45% stake in the onshore Niger delta oilfield Oil Mining Lease 40 (OML 40) for $154m (£97m).
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