Energean plans to raise 500 million dollars from London listing – Greece, 21 February 2018

Oil and gas producer Energean is planning to raise 500 million dollars through a listing on the London Stock Exchange in March and to use the bulk of that money to finance its newly acquired production activities in eastern Mediterranean.
The company plans to invest 395 million dollars, out of the total of 500 million dollars anticipated from the listing , at Karish and Tanin gasfields offshore Israel, as well as a further 353 million dollars, over the next four years, for development of its Greek fields.

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