Charles Russell Speechlys advises Europa Oil & Gas (Holdings) plc on its £7m equity fundraising
Charles Russell Speechlys has advised long standing AIM-listed client, Europa Oil and Gas (Holdings) plc (the Company), the UK, Ireland and Morocco focused renewable energy, oil and gas exploration, development and production company, on its £7m equity fundraising.
The proceeds raised are being used to fund the acquisition by the Company of a farm in of UKCS Block 13/23c (Serenity) located in the North Sea. The acquisition is in line with the Company’s previously stated intention to diversify its portfolio by adding an appraisal asset, adding to its existing producing and high-impact exploration assets, and thus creating a more balanced asset portfolio for investors.
Simon Oddie, CEO of Europa, said: “I’m very grateful to Mark and the wider Charles Russell Speechlys team for supporting us with their technically astute, hands-on legal advice on this important fundraise.”
Corporate Partner, Mark Howard, commented, “We are delighted to have assisted on this successful fundraise and congratulate the Company on the signature of the Serenity Farm-in Agreement announced on 21 April 2022.”
This deal has been covered by Global Legal Chronicle.