Fieldfisher advises President Energy PLC on fundraising and Paraguayan acquisition
Field Fisher Waterhouse LLP has acted for its long-standing client, President Energy PLC, on a placing of new ordinary shares to raise US$44.85 million and associated acquisition of some oil and gas interests in Paraguay.
President Energy is an AIM listed oil and gas exploration and production company, with assets located in Argentina, South Australia and the United States.
The funds will be used by the Company to acquire its initial working interests in two oil and gas concession interests known as the Pirity Block and the Demattei Block, both of which are located in the occidental region of Paraguay.
The Fieldfisher team was led by partner, Dominic Gurney-Champion and was assisted by senior associate, Nicholas Heap, partners Ian Barnard and Oliver Abel-Smith and solicitors Rashed Hasan and Anthony Warner.
RBC Capital Markets, acted as the company's nominated adviser and joint broker along with Jefferies acting as joint broker on the transaction.
For further information, please contact:
Louise Eckersley, PR Manager, Field Fisher Waterhouse LLP on 020 7861 4120
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