London Stock Exchange welcomes 1974 Oil & Gas plc to AIM
1947 Oil & Gas plc, the newly formed oil and gas production company, marked the admission of its ordinary shares to trading on AIM with a Market Close ceremony yesterday at the London Stock Exchange.
The Company commenced trading on AIM on 28 September 2026 under the ticker “1947”, with a market capitalisation of approximately £65.1 million. The ceremony provided an opportunity for 1947's leadership team and stakeholders to mark this significant milestone and the next phase of its growth.
1947 aims to build a leading independent producer, through the roll-up of mature conventional oil-weighted assets that benefit from new technology and new investment, specifically in the Gulf of America and along the US Gulf Coast. The Company was founded by Jeff Currie and Ivan Murphy and is led by Executive Chairman, Tim Duncan, founder and former Chief Executive Officer of Talos Energy. Together with the Renaissance operational team, which includes Brian Romere, Co-President & CFO, the management team brings more than 70 years of combined Gulf of America experience.
Alongside Admission, 1947 completed its acquisition of Renaissance Offshore, LLC, a Houston-based oil and gas production company with interests in eleven fields located in the shallow-water Gulf of America. The transaction provides 1947 with an immediate oil-weighted production base of more than 3,000 boepd from which to pursue its wider growth strategy, focused first on asset development to push current production organically. Additionally, the Company has been awarded two offshore lease blocks by the Marine Minerals Administration as part of the Big Beautiful Gulf 3 Lease Sale. The two blocks awarded are West Delta 133 and South Timbalier 314 in the Gulf of America, which will add 10,000 gross acres to the portfolio, increasing 1947’s acreage under lease.
“We are delighted to mark this important milestone at the London Stock Exchange and look forward to the next stage of 1947's development. Our view is that conventional, mature assets in the Gulf of America represent compelling value opportunities in the US energy sector today and there is ample runway to roll-up producing assets, given over 70% of crude oil production in the US Gulf of America originates from mature and aging fields. Through Renaissance Offshore, 1947 has a strong foundation from which to organically scale production while also considering market opportunities within the Basin.”
Tim Duncan
Executive Chairman of 1947
