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CASE STUDIES: CDS Oil & Gas Group PLC Who we are
     

Natural Resources: UK finance function for an overseas company listing on AIM

Our client, a British-based oil and gas company with exploration and development interests in Paraguay, was planning to float on AIM in order to raise sufficient funds to finance a drilling programme on several target wells. They had no formal finance function in London, but required a part-time finance director to prepare consolidated group accounts for filing prior to flotation.

Richard Simpson oversaw completion of the necessary sets of accounts, which were audited and signed off within three weeks. We also delivered interim statements in September prior to the placing.

We worked closely with the company’s directors, several of whom had major travel commitments and needed to rely on a safe pair of financial hands in London, and we also liaised with CDS’s auditors and lawyers throughout.

CDS’s shares were placed on 27th September 2005, and we remain involved providing further accounting assistance.

 
Richard Simpson BA, ACMA, Chief Operating Officer
Richard Simpson:
Chief Operating Officer
Having graduated with a degree in biochemistry, Richard joined Fisons' pharmaceutical division in 1987 as a management trainee. He qualified with CIMA in 1990 and enjoyed eight years with Fisons working in the UK, Singapore and France in a variety of head office, commercial and manufacturing environments.
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