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Dynex Energy listed on marché libre in Paris

BE - Entreprises & initiatives
ABONNÉS

Dynex Energy SA, company operating in the Oil & Gas sector, is officially listed on Marché Libre in Paris.

The operation was realised via the listing of 14.3 million ordinary shares of the Company at a listing price of 31.40 Euro for a total initial capitalisation of 450 million Euros. This listing represents one of the largest operations for Marché Libre to date.

Dynex Energy SA - a Luxembourg company active in the oil and gas exploration and production sector was supported by Methorios Capital, in the role of financial advisor, and Arkeon Finance, a leading French operator, as Market Member.

The listing of Dynex Energy” stated Eugene Bilotti, Chief Global Strategist of Methorios Capital“ represents an important recognition of the leadership – also at an international level - that our company continues to express in its support to small and medium sized companies with an elevated capacity to confront the challenge of the market.”

For this reason” adds Francesco Falconi, Director of Methorios Capital “Methorios Capital, believes that the market will be more coherent for this type of company, whereby in addition to its offering of strategic support, Methorios acquires direct minority holdings in listing companies as a result further enhancing potential development.”

In particular, Dynex Energy SA, a company of the German entrepreneur Christian Kruppa mostly active in the international oil & gas and precious metal sectors, considers the stock exchange listing as a fundamental passage for the purpose of expanding its business as well as attracting new potential investors and industrial partners for future growth.“Paris Stock Exchange’s Marche Libre”emphasized Christian Kruppa“appears particularly congenial for the listing of an activity such as our own: being an unregulated market that enables a listing without particular restrictions, however at the same time offers the possibility for interaction with industry investors and financial institutions whilst providing financial and economic transparency and visibility of our brand.”

From a strategic view, Dynex Petroleum LP, the US subsidiary of Dynex Energy SA, intends to develop over 200 wells for oil and/or gas extraction over an area of over 40,000 thousand acres located in the Clark and Comanche counties in Kansas (USA). The two counties lie within the Mississippian Play, a zone particularly rich with hydrocarbon reservoirs where numerous American and International operators are present.

For this purpose, through the utilisation of horizontal extraction technology, Dynex Petroleum LP has stipulated an Exploration Agreement and a Joint Operating Agreement with an experienced 3rd generation local operator that is active in the direct management of the wells.

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