Field Fisher Waterhouse advises President Energy PLC on fundraising and Paraguayan acquisition
19 October 2012
Field Fisher Waterhouse advises President
Energy PLC on fundraising and Paraguayan acquisition
Field Fisher Waterhouse LLP has acted for its
long-standing client, President Energy PLC, on a placing of new
ordinary shares to raise US$44.85 million and associated
acquisition of some oil and gas interests in Paraguay.
President Energy is an AIM listed oil and gas
exploration and production company, with assets located in
Argentina, South Australia and the United States.
The funds will be used by the Company to
acquire its initial working interests in two oil and gas concession
interests known as the Pirity Block and the Demattei Block, both of
which are located in the occidental region of Paraguay.
The Field Fisher Waterhouse team was led by
Gurney-Champion and was assisted by senior associate,
Nicholas Heap, partners
Ian Barnard and
Oliver Abel-Smith and
solicitors Rashed Hasan
and Anthony Warner.
Field Fisher Waterhouse is recognised as a
leading AIM adviser
with significant expertise in the Energy and Natural Resources
RBC Capital Markets, acted as the company's
nominated adviser and joint broker along with Jefferies acting as
joint broker on the transaction.
For further information, please
Nugent, PR Executive, Field Fisher Waterhouse LLP on 020 7861
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on 020 7861 4120