Energy minnow sees pathway to Irish Sea gasfield via London IPO
An energy minnow that is seeking to develop a gasfield in the Irish Sea is planning to list on Aim, the junior London stock exchange, in an attempt to buck the downturn in initial public offerings.
EnergyPathways has announced its intention to float, seeking to raise at least £2 million.
It owns the rights to Marram, a small gasfield discovered in 1993 about 20 miles offshore from Blackpool. It is seeking permission from the government for its plan to develop the field in the Irish Sea quickly by connecting it with existing infrastructure that serves the already-producing gasfields in Morecambe Bay. It aims to be producing gas as soon as 2025.
EnergyPathways was founded by Ben Clube, an Australian former BHP Petroleum executive. In