Chrystal Capital has raised £7.25 million of additional pre-IPO funding for Wisent Oil & Gas Plc. Coupled with the £13 million raised in November 2011, this takes the total private capital raised for the company by Chrystal Capital to over £20 million.
This second round of capital was raised from an industry investor that has previously invested in Wisent, a sign of continuing confidence in the team’s ability to develop the project into a world class asset.
“It is a testament to Chrystal’s long-term approach that our relationships with clients such as Wisent continue to grow and strengthen beyond an initial financing period.”
Kingsley Wilson, Chrystal Capital
The funds raised will allow Wisent to accelerate the development of its 577,000 net acres of land that lie in the shale oil window of Poland, with drilling expected to commence in the Autumn.