LG advises natural resources company on AIM float
11 August 2008
LG has advised Thalassa Energy Ltd (Thalassa), an oil services business, on its admission to AIM.
Thalassa has one subsidiary, Thalassa Energy Services Ltd, established to acquire marine seismic equipment, specifically a Portable Modular Source System (PMSS™). The PMSS™ will provide the seismic (sound) source to allow exploration and production companies to perform oil reservoir monitoring.
The LG team advising Thalassa was led by Corporate partner Michael Storar and included associates James Morgan and David Reith.
Michael Storar said: “We are delighted to have assisted Thalassa on its start-up and admission to AIM. Our extensive experience of working with entrepreneurs in an international environment combined with our pre-eminent knowledge of the AIM market, particularly in the natural resources sector, has helped them to achieve a successful result - notwithstanding the difficult market conditions over recent months."
Duncan Soukup, Executive Chairman of Thalassa, said: "The LG team provided a tremendous level of support through some difficult months, as a core member of our flotation process. Their experience was invaluable."
The nominated adviser was Dowgate Capital Advisers Ltd and the broker Ocean Equities Ltd. Thalassa is headed by Duncan Soukup former founder and Director of Acquisitor Plc, Acquisitor Holdings Ltd. and Baltimore Plc. David Thomas, formerly CEO of MedOil Plc, is a Non Executive Director of Thalassa.
Field Fisher Waterhouse advised Dowgate.
Trading commenced on 29 July 2008.
Notes to editors:
- LG advises energy and natural resources sector clients seeking to raise capital for their business ventures. It has advised on over 250 AIM transactions raising more than £3.6 billion in new funds.
- LG is ranked leading legal advisor by Client Market Capitalisation and is ranked in second place for FTSE AIM 100 Clients in the Hemscott rankings.
ENDS