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Oryx Petroleum completes US$250.5 million initial public offering

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Oryx Petroleum

On May 15, 2013 Oryx Petroleum Corporation Limited (Oryx Petroleum) announced the successful completion of a $250,500,000 initial public offering of common shares and listing on the TSX. Following closing and based on the $15.00 offering price for Common Shares, Oryx Petroleum will have a market cap of approximately $1.5 billion. Oryx Petroleum is an international oil exploration company focused in Africa and the Middle East. Oryx Petroleum was founded in 2010 by The Addax and Oryx Group Limited and key members of the former senior management team of Addax Petroleum Corporation. The IPO was led by Oryx Petroleum in-house counsel Paul Shillington who was assisted by Fasken Martineau with a team led by John Turner and including Krisztián Tóth, Jessica Catton, Bruce Blain, Jennifer Mitchell, Nicole Park, Susan Newell, Jeffrey Gebert, Christopher Steeves and Brian Mainwaring.