Asian exploration firm KrisEnergy is to launch an initial public offering in Singapore as it looks to raise more than £130million.
The oil and gas company, which has 16 contract areas in five countries, says it is targeting farm-ins, post-production and acquisitions, plus expenditure and capital for the money raised through the IPO, which opened today.
“We have spent the last few years successfully building our asset base and moving our discoveries up the development and value pipeline,” said chief executive Keith Cameron.
“The injection of new capital will allow us to continue pursuing our focused strategy of discovering hidden value in significant assets to bring oil and gas to market.”
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