
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.