Investors Set Sights On Fledgling Oil Companies Note of Caution Sounds As Cash Flows to Aim Listings

The Herald › November 29, 2005

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Summary

THE desire of investors to cash in on the oil price boom was writ large in a surge in the amount of money raised by oil and gas firms on the Alternative Investment Market in the first nine months of the year.

According to analysis by Ernst & Young, the big four accountant, more than GBP620m was pumped into the sector in the first three quarters of 2005, up 49-per cent on the same period in 2004.

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Extract

Investors Set Sights On Fledgling Oil Companies Note of Caution Sounds As Cash Flows to Aim Listings

Accompanied by share price growth for many oil and gas firms, the fund-raising boom meant sector players accounted for almost 20-per cent of...

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