Fladgate LLP has advised Eco (Atlantic) Oil & Gas Ltd on its admission to AIM and £5.09m placing. The market capitalisation of the company on admission was approximately £18.92m.
Eco (Atlantic), which is listed on the TSX-V, is an oil and gas exploration company focused on the acquisition and development of unique upstream petroleum opportunities around the world. The company holds offshore licences in highly prospective Atlantic margin offshore regions in South America and Africa where significant oil discoveries have been made.
Corporate partner Grant Gordon led the Fladgate team, assisted by Nigel Gordon, Orit Rioumine Gold, David Baverstock and Michael Beaber.
Commenting on the admission, Grant said: “We are delighted to have assisted the directors of Eco (Atlantic) in achieving a successful listing and financing at a transformational time in the company’s development as it looks to progress its prospective licences in Guyana and Namibia towards discoveries and later production.”