Finance deals signal progress on Karish and Tanin
Energean is forging ahead with its Israeli offshore projects as a result of its recent IPO and an agreement to secure financing Energean is forging ahead with its Israeli offshore projects as a result of its recent IPO and an agreement to secure financing.
19 March 2018
0
30045
An Energean platform off Greece. (Energean)
Athens-based Energean Oil & Gas made its initial public offering on the London Stock Exchange on Friday, raising $460 million to help fund development of the Karish and Tanin gas fields offshore Israel.
The IPO means the last obstacle to declaring an FID for the development has been cleared. This puts the East Mediterranean-focused company on course to meet its target for reaching FID by the end of Q1.
Its shares were priced at £4.55 ($6.35) each, with around 72.59 million...
Log in or register for a free trial to continue reading this article
Already a subscriber?
If you already have a subscription, sign in to continue reading this article.
Log me inNot a subscriber?
Sign up for 7-day trial access to this and more premium content. It's free.
Sign up now
