On the Spot

Throughout the year we take a poll of a dozen of our Members, from around the world on a question of timely importance to the market. We share the results here. Read on for intelligence from energy market insiders.

The availability of funding for field development projects – traditionally oil and gas companies have relied on the debt and equity markets for this, but the impact of the financial crisis with more stringent standards for debt funding and the challenge of raising equity capital are having a significant effect.

I joined Bowleven plc as a Director, Company Secretary and General Counsel on April Fool’s day 2005, having previously been Bowleven’s external legal counsel. I was employee No.6. The share price was £3.43. In my time, the share price has reached a high of £8.00; and a low of 25 pence.

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