International law firm Bird & Bird has advised 1947 Oil & Gas plc on its admission to trading on the AIM Market of the London Stock Exchange, together with a fundraising and the acquisition of Renaissance Offshore LLC, a company with a portfolio of producing oil assets in the Gulf of Mexico/America.
1947 Oil & Gas is an oil and gas production company focused on acquiring, operating and growing a portfolio of producing assets in the United States. Upon admission today, the company had a market capitalisation of approximately £65.1 million.
The Company’s first acquisition, Renaissance Offshore, LLC, is a Houston-based oil and gas production company with interests in eleven fields located in the shallow-water Gulf of Mexico/America.
This admission represents the second AIM IPO of the second half of 2026, highlighting renewed confidence in the market and a resurgence in fundraising activity this year, particularly following the recent changes to the AIM Rules.
The Bird & Bird team was led by Michael Dawes (Partner), and included Caitlin Cumming (Legal Director), Amy Garth (Associate), Emily Richards (Associate) and Poppy Stopford (Trainee) in our Corporate team. Sarah Ferguson (Partner) and Isaac Qureshi (Associate) advised on employee incentives.
Michael Dawes, partner in Bird & Bird’s Corporate Group in London, commented: “We are pleased to have advised 1947 Oil & Gas on its admission to AIM. This was a complex transaction, involving the coordination of a team of advisers in the UK, the US and Canada. Bird & Bird’s Capital Markets team brings deep sector expertise in the energy industry, and this admission is an exciting milestone that demonstrates the market remains open for companies with clear strategies, strong management teams and strong fundamentals. We look forward to supporting 1947 as it executes on its ambitions.”
