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Dial Square Investments PLC - Manchester-based investment vehicle - Will move to AIM from London Main Market and rename itself EnergyPathways PLC, as completes reverse acquisition of EnergyPathways Ltd. Expects this to happen in mid-December. As part of the readmission, the company will issue new shares at a price of 4 pence. The number of new shares is still to be determined.
EnergyPathways has a 100% interest in block 110/4a of seaward licence P2490 that contains the Marram gas field. This offshore field, discovered in 1993, is close to existing infrastructure in UK waters, west of the UK mainland. The asset is considered ’ready-to-go’, and EnergyPathways is targeting first gas in 2025.
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