Press Releases in 2003
ICON aids Pulsic in $5.5m first round funding
April 2003
ICON advised the management of Pulsic Limited
on their first funding
round of $5.5m
ICON has successfully completed a private placing for Index Oil & Gas, a start up exploration and production (E&P) company. The placing was over subscribed.
Index Oil and Gas has been formed at a time when the larger E&P companies are by necessity becoming more cost efficient, which has resulted in the subsequent divestiture of many production and exploration assets worldwide. The initial funding will enable Index to complete its initial strategy to establish an early production base and to identify, evaluate and negotiate the purchase of existing oil and gas assets with upside potential. Index is seeking to close a further round of finance in 2003 to enable it to roll out their oil and gas acquisition programme.
