Nearly half of all money raised in London for Oil and Gas projects heads to Africa, new report finds

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Summary: BLP has today published a report analysing London Oil and Gas fundraisings in the 12 months to 30 September 2014.The research found that in the last year 40 fundraisings had taken place in the sector on the Main Market and AIM (ex. FTSE 100), raising nearly US$1bn, and that nearly half of all money raised was for projects in Africa.

BLP has today published a report analysing London Oil and Gas fundraisings in the 12 months to 30 September 2014.

The research found that in the last year 40 fundraisings had taken place in the sector on the Main Market and AIM (ex. FTSE 100), raising nearly US$1bn, and that nearly half of all money raised was for projects in Africa. It also identified that geographical risk is still significant when pricing fundraisings, with data showing all South American projects raising money at a greater than 10% discount whilst for African Projects half were carried out at less than a 10% discount. The report also analyses the structures used and how market sentiment is affecting these structures.

BLP Partners Adam Dann, Alexander Keepin, Segun Osuntokun and Murdoch Currie contributed to the research which was released at Africa Oil Week in Cape Town this morning. City A.M. published a piece on this research.

Please do get in touch if you would like further information on the report and its findings.

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