energy

Arawak Energy to list in London on July 1

By SRI ⋅ June 27, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

Arawak Energy Ltd., a Toronto-listed oil company with operations in Kazakhstan, Russia and Azerbaijan, said it was planning to float on the Main Market of the London Stock Exchange on July 1. According to a press release, the company hopes to broaden its investor base and improve its financing options with the listing.

Arawak Energy appointed JP Morgan Cazenove in April to advise it on the listing. The company expects to maintain the listing of its shares on the Toronto Stock Exchange.

According to the press release, in the first quarter of 2008, Arawak Energy produced on average 11,774 barrels of oil per day from Russia and Kazakhstan, with an additional 174 barrels of oil equivalent per day of gas from Azerbaijan.

Tags: Arawak Energy, Kazakhstan, LSE

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