02/08/2011 The London Stock Exchange welcomes Wildhorse Energy to AIM
Wildhorse Energy Ltd, a company pioneering underground coal gasification (UCG) technology in Central Europe, has listed on AIM today with a market cap of £50.5 million. Focussed on becoming a leading provider of fuel in Central Europe, WHE is pursuing a London listing to increase its visibility amongst the investment community in Europe, which has a clear understanding of the regional market opportunity. The Company is already listed on the ASX and is not raising any money on listing.
WHE is an emerging energy company primarily focussed on advancing its strategy through the application of UCG technology to convert coal into syngas to sell to power stations as a gas feedstock. Central Europe is an attractive region in which to operate due to its substantial coal deposits and gas import reliance. WHE has a portfolio of three UCG projects and a significant interest in a prospective uranium deposit in Hungary. Additional sites are also being evaluated to build value.
Managing Director Matt Swinney said, "We are delighted to have listed on AIM and are confident that it will accelerate the Company’s growth as we focus on applying UCG, an innovative technique of cleanly extracting the energy value of coal, in Central Europe. With a solid portfolio of projects which have potential to host UCG operations, an exciting energy market in which to operate, and an outstanding technical team to oversee operations, we believe that the Company is well positioned to drive significant value in WHE."