Gulf starts at Sheikh Adi-2 25/05/2012
Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) has begun drilling at the Sheikh Adi-2 well in the Sheikh Adi block.
Equest Investments Bulgaria is seeking to raise £44 million on AIM to invest in the Balkans, Turkey and Ukraine.
Collins Stewart is nominated adviser and broker to the company, which is incorporated in the British Virgin Islands and quoted in Dublin. It plans to change its name to Equest Investments Balkans following the fund-raising at £12.10p per share.
Equest director Petri Karjalainen, former managing director of Williams de Broe Bankers and ex-head of emerging markets for Dutch finance group ING in London, is co-founder and joint managing partner of London-based Equest Managing Partners. This five-year-old group, with offices in Sofia, Bucharest and Belgrade, will advise the company’s manager, Equest Capital.
Equest’s stated objective is to pursue long-term capital growth through taking share stakes in companies set up or operating in Romania, Bulgaria, Albania, Croatia, Montenegro, Serbia, Slovenia, Ukraine and Turkey.
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Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) has begun drilling at the Sheikh Adi-2 well in the Sheikh Adi block.
Oil giant Shell is extending its offer period for Mozambique-focused Cove Energy (COV) after having its bid trumped by Thai government-owned PTT Exploration & Production.
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