On November 1, 2004, Europa Oil & Gas (Holdings) Plc, the holding company for Europa Oil & Gas Limited and its subsidiaries, announced its intention to seek admission to the AIM Market of the London Sock Exchange Plc and completed a placing of £5 million of shares with a number of London investment institutions. The placing was over 25% over-subscribed. Trading began on November 11, 2004.
The fundraising was to allow Europa to accelerate its reserves and production growth through the drilling of up to three exploration wells and a programme of field development work, both in the U.K. and Romania.
Nigel Gordon and Peter Rhodes of Fasken Martineau Stringer Saul LLP advsied Europa Oil & Gas (Holdings) on this transaction.