Member Article

Bond Dickinson advises on IPO of Independent Oil and Gas

A team of lawyers from the Aberdeen, Newcastle and Leeds offices of national firm Bond Dickinson has advised Charles Stanley Securities on the flotation of Independent Oil and Gas plc (IOG) on AIM. Charles Stanley Securities is the nominated adviser and broker of IOG.

IOG is an oil and gas company with established assets in the North Sea and a strategy to deliver near term development and production assets in North West Europe.

The funds raised from the initial public offering are to be used to carry out initial development and appraisal processes on the licences it holds in the Skipper oil field and the Blythe gas field in the North Sea.

A Bond Dickinson team comprising oil and gas partner Uisdean Vass, corporate partner Jamie Pass and corporate associate Matthew Smith advised Charles Stanley Securities on the flotation.

Corporate partner Jamie Pass commented: “We were delighted to be able to assist Charles Stanley Securities with the flotation of IOG. It is a great example of the way Bond Dickinson is able to assist clients by combining our capital markets skills with our petroleum sector expertise.”

Philip Davies, director at Charles Stanley Securities commented: “We’re pleased to have supported IOG with this fundraising which will help the business move towards fulfilling its strategic objectives. The Bond Dickinson team played a crucial role in achieving this result against a challenging timescale and their specialist sector knowledge and AIM expertise proved invaluable.”

This was posted in Bdaily's Members' News section by Bond Dickinson .