FFW advises Desire Petroleum Plc – Placing and Open Offer on AIM
14 February 2005
Field Fisher Waterhouse acted for Seymour Pierce Limited, nominated
adviser and brokers for Desire Petroleum Plc on its £25.15 million
placing and open offer.
Desire Petroleum Plc has interests in the exploration of
hydrocarbons granted by the Falkland Islands Government. The
principal reasons for the fundraising were to commission a rig and
commence a three well drilling programme, after a 3D seismic survey
identified prospects having the potential to hold over one billion
barrels of recoverable oil in the North Falklands Basin.
The FFW team was led by corporate finance partner Anthony
Brockbank.
Seymour Pierce Limited acted as nominated adviser and
broker.
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Ben Girdlestone, Communications Manager, on +44 (0)20
7861 4968
Louise Eckersley, PR Executive, on +44 (0)20 7861 4120