Zennor Petroleum Limited (previously named MPX), a Guildford, UK-based energy and petroleum company focused on the UK North Sea, received an initial $100 million investment from Kerogen Capital.
According to a note, Kerogen, via Kerogen Energy Fund II, L.P., and its limited partners may commit up to $400m in funding during the course of the investment. Following it, Kerogen will become the majority shareholder alongside Zennor management.
The company intends to use the proceeds to fund the development of its existing assets and expand the portfolio by way of new acquisitions, farm-ins and licensing rounds.
Founded in 2006 and led by Martin Rowe, Rod Crawford and James Henry, Zennor is a private E&P company with an existing portfolio of licences including a 100% interest in the Finlaggan gas-condensate discovery in the Central North Sea.
FinSMEs
21/08/2015