Field Fisher Waterhouse advises President Petroleum Company PLC
09 February 2012
Field Fisher Waterhouse LLP has acted
for its long-standing client, President Petroleum Company PLC on a
£6.2 million fundraising.
President Petroleum is listed on AIM as an
independent oil and gas exploration and production company, with
assets located in Argentina, South Australia and the United
States.
The funds raised will be used to advance the
company's work programme in Argentina and, in particular, to drill
five wells at its recently acquired oil and gas concession located
at Puesto Guardian, Salta Province, Argentina. President Petroleum
also hopes to maintain its position of being able to acquire
further oil and assets, should suitable opportunities become
available to them.
The Field Fisher Waterhouse team was led by
partner, Dominic Gurney-Champion,
assisted by senior associate, Nicholas
Heap.
RBC Capital Markets, advised by Norton Rose,
acted as the company's nominated adviser and broker on the
transaction.
For further information, please contact:
Paula Nugent, PR Executive, Field
Fisher Waterhouse LLP on 020 7861 4526
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on 020 7861 4120