The company, which is already listed on Australia’s stock exchange, has stakes in three assets in Romania and sees the country as a strong platform from which to build an onshore European oil and gas company. Romania’s domestic market is currently going through the process of being privatised, which has prompted a number of overseas investors to tap into opportunities there as state-backed companies put assets on the block.
“With development, appraisal and exploration assets in Romania, Aim in London is a natural place for Zeta to dual list,” said chief executive Andy Morrison. “We anticipate our relatively low-risk, low-cost European onshore portfolio and future news flow will resonate with investors on Aim, particularly as energy security in Europe continues to be a highly topical subject.
“Located in the heart of Europe and with a long heritage of hydrocarbon production, Romania is ideally placed to make a positive contribution towards tackling the continent’s energy deficit.”
SP Angel is acting as international broker and intended Aim broker, while Sanlam has been appointed as intended nominated adviser.