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London Stock Exchange today welcomes EnergyPathways PLC’s admission to AIM

EnergyPathways, the UK focused integrated energy transition company, today marks a milestone as it celebrates the admission of its shares to trading on the AIM market following the successful completion of the Reverse Takeover involving Dial Square Investments. 

This is a transformative transaction for the Company as it provides EnergyPathways with the platform to pursue its strategy of initially targeting ‘ready to go’ UK gas assets, with the aim of producing low emission energy solutions to assist with the UK’s transition to net zero, whilst providing critical supply, ensuring domestic energy security.

At the forefront of this trajectory is the proposed development plan for the Marram Gas Field, which comprises two sub-sea horizontal wells, tied back to the existing Morecambe Bay infrastructure, which the Company hopes will enable the project to generate high rates of return and a prompt recovery of investment. EnergyPathways is targeting first gas from the Marram Field in 2025.

On Admission the market capitalisation of the Company based on the placing and subscription price of 4p per share was approximately £6.32 million.

Ben Clube, CEO of Energy Pathways commented:

“We are delighted to have completed this RTO process and begin EnergyPathway’s journey as an AIM listed company.  We believe our company has a compelling investment proposition based on the fundamental market drivers for domestic gas supply to support the UK’s objectives around energy security and energy transition.  Our operated Marram Project is a low-risk development with very attractive economics, and our focus through next year will be to progress that project to FID.  In parallel we will seek to leverage our early mover advantage in our region of focus to build a balanced portfolio of discovered resources in the UK Irish Sea, an area in which we see significant opportunities for gas development as well as gas storage.

I’d like to thank our shareholders, both new and existing, for their support in the fundraising process and we look forward to repaying their faith as we deliver our strategic objectives and generate long-term value in the process.  EnergyPathways has an exciting year ahead and we look forward to communicating our progress to our stakeholders and the wider market.”
 

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