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1947 Oil & Gas raises £50m, starts AIM trading with Gulf acquisition and plans dividends

Market News
28 Sep 2026
Proactive Investors
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Bullish
1947 Oil & Gas raises £50m, starts AIM trading with Gulf acquisition and plans dividends

1947 Oil & Gas began trading on London's AIM market with a £65 million valuation after raising £50 million through share issuance. The company completed the acquisition of Renaissance Offshore, gaining producing assets in 11 Gulf of America fields with reserves valued at US$346 million PV10. Debt-free and without fixed-price contracts, 1947 plans to use this platform for further acquisitions and introduce a progressive dividend policy starting mid-2027. This positions the company for growth in mature US oil and gas fields.

1947 Oil & Gas launched on London's AIM market with a £65 million valuation after raising £50 million and acquiring Gulf assets. For readers following the US energy sector, here is Pluang's market snapshot as of Sep 28, 2026 16:21 WIB: of 38 priced Energy-sector US stocks tradable on Pluang, 30 rose and 6 fell today. Notable movers include Solaredge Technologies Inc (SEDG) at USD 32.10, down 1.77%, Exxon Mobil Corporation (XOM) at USD 163.33, up 1.73%, and Valero Energy Corporation (VLO) at USD 393.66, up 1.67%.

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