Buy-side M&A

We are delighted for our client, Challenger Energy Group Plc (LON: CEG) (OTCQB:BSHPF), which has announced a recommended all share offer for CEG by Sintana Energy Inc. (TSXV: SEI) (OTCQX: SEUSF). Gneiss Energy is acting as financial advisor.

Gneiss Energy acted as financial advisor on the strategic equity raise for Pumpkin Hollow and the Southwest Open Pit.

Gneiss Energy has acted for sellers Lightrock Power and Bluefield Solar in the successful disposal of the 49.9 MW (AC) Longpasture Solar Farm to UK-based independent power producer Enviromena.

Financial adviser to GEV Wind Power on a strategic investment by Certek. This investment will support GEV, a specialist services provider to the wind energy industry, to meet market demand as it targets further international expansion and growth opportunities.

Financial adviser to Exterra Carbon Solutions in its raising of CAD $20 million in a Series A financing round. Co-led by Clean Energy Ventures and BDC Capital, with the Government of Quebec, Investissement Quebec, MOL Switch, and Kinetics, a Karpowership initiative.

Financial adviser to Reelwell AS, which has secured a strategic equity investment by Odfjell Technology. This investment will support the continued growth and development in Reelwell’s industry-leading DualLink digital pipe technology.

Financial adviser to O&GD Central Kft which has entered into a sale and purchase agreement with MOL Group to divest a gas plant, mining plots and infrastructure near Endrőd in Eastern Hungary.

Financial adviser for The Parkmead Group plc, which announced the signing of an agreement to divest its wholly owned subsidiary, Parkmead (E&P) Ltd to Serica Energy plc for £14 million of firm cash consideration and up to £120 million of contingent cash consideration.

Financial adviser to Sound Energy PLC on its partial divestment of their Eastern Moroccan assets to Groupe Managem for a total value to Sound of up to US$45.2 million.

Financial adviser to Challenger Energy Group plc (“CEG”) on the farm-out of a 60% working interest in its AREA OFF-1 licence offshore Uruguay to Chevron, with CEG retaining a 40% working interest.

Financial adviser to Cornerstone Resources Group on the sale of its 15% interest in the Abbey gas development and 30% interest in the Baker gas prospect, both located in the UK Southern Gas Basin, to Petrogas.

Commercial adviser to YFM Equity Partners and related funds in relation to their £5.0m participation in an £8.7m equity round by Fuuse, a leading provider of Electric Vehicle charging software.

Financial adviser to the Prax Group on its acquisition of Hurricane Energy Plc, which holds a 100% working interest in the Lancaster producing oil field West of Shetland, for a total consideration of up to £249 million.

Financial adviser to Rapid Oil Production Ltd, who have completed the farm-out of the Fyne field (License P2451) in the UK Central North Sea. Anasuria Hibiscus UK and Ping Petroleum UK PLC each farmed-in for a 42.5% interest, with Rapid Oil retaining a 15% interest.

Financial adviser to Challenger Energy Group Plc on a financing of up to US$ 4 million by way of a senior unsecured convertible bond instrument.

Financial Adviser to Guinness Asset Management on the sale of H14 Energy and Sapphire Energy to Renfin.

Financial adviser to Sound Energy plc on a financing of up to £4 million by way of a fixed price, senior unsecured convertible bond instrument.

Financial adviser to LNEnergy Limited on a placing of £750,000 and share sale of £1.5 million to Reabold Resources plc, to assist in funding the Colle Santo gas development onshore Italy.

Financial adviser to Atlas Petroleum Exploration Worldwide Limited, which holds assets onshore Angola in the Kwanza Basin, on the corporate sale to Corcel Plc.

Financial adviser to Specialist Marine Consultants on its 100% acquisition by OEG Offshore.