By Julie Crust LONDON, Nov 23 (Reuters) - Fund raising by oil and gas companies on London's junior AIM market rose to the highest quarterly level since mid 2006, accountancy firm Ernst & Young said in a report.
The companies, including Sterling Energy, Regal Petroleum and Roc Oil, raised 333.3 million pounds ($502 million) in the third quarter, making it the highest quarterly level since the second quarter of 2006. While there were no oil and gas initial public offerings on AIM during the quarter, Ernst & Young said it had seen increased interest from private companies and investors looking at possible IPOs in 2010.
Full Story: Fund raising by AIM oil, gas firms hits 3-yr high-report - Forbes
The companies, including Sterling Energy, Regal Petroleum and Roc Oil, raised 333.3 million pounds ($502 million) in the third quarter, making it the highest quarterly level since the second quarter of 2006. While there were no oil and gas initial public offerings on AIM during the quarter, Ernst & Young said it had seen increased interest from private companies and investors looking at possible IPOs in 2010.
Full Story: Fund raising by AIM oil, gas firms hits 3-yr high-report - Forbes
