Latest News
LAB Energy Advisors Assist Cool Planet Technologies with A2 Funding Round
22nd October 2024
We are delighted to have assisted our client Cool Planet Technologies (‘CPT’) with their latest financing round.
Having supported CPT on their Series A1 capital raise in 2022, LAB Energy Advisors assisted the company on the recently completed €23.7 million Series A2 funding round. The round attracted significant new industrial investors led by Taranis Carbon Ventures, and including CRH Ventures and BlueScopeX and was supported by its existing shareholder base Eni Next, NEVA SGR and Audacy Ventures.
We look forward to continuing our longstanding relationship with the CPT team as it advances its business and positions itself to provide efficient and cost-effective solutions for industrial companies seeking to decarbonise their operations. This transaction also continues LAB Energy’s expansion into the cleantech, renewable and equity financing sectors, beyond our core business in the upstream energy advisory.
LAB Energy Advisors 3rd Annual Cycling Sportive and Country Walk
14th June 2024
LAB Energy is delighted to have hosted the company’s third annual cycling sportive and first country walk event
On June 14th, Denbies Vineyard hosted LAB’s 3rd Annual Cycle Sportive. LAB welcomed clients and guests from across the energy industry, enjoying a fantastic day of cycling and walking around the Surrey Hills. True to British summer weather, we faced sun, rain, and wind on three cycling routes ranging from 40km to 100km. New for 2024, we introduced a guided walk through the vineyards and Box Hill for non-cyclists.
Many thanks to all who attended and to PIE Events for managing a brilliant day. We look forward to seeing everyone again on a sunny Friday in 2025!
Rhino Resources Exploration Farm-out to Azule Energy, offshore Namibia
3rd May 2024
The LAB Energy Team are delighted to have advised Rhino Resources on its recently announced farm-out to Azule Energy
Congratulations to our client, Rhino Resources, on the announcement of their farm-in deal with Azule Energy (a bp-Eni JV company) on Block 2914A, offshore Namibia. LAB Energy Advisors acted as exclusive farm-out advisor to Rhino, with the process resulting in a landmark transaction that will see further high-impact exploration activity undertaken in the Orange Basin. Rhino and Azule, along with partners NAMCOR Namibia and Korres, plan to drill two wells commencing in Q4 2024.
Congratulations to Tom Whittington on his promotion to Head of Project Execution at LAB Energy Advisors
13th December 2023
LAB Energy is very pleased to announce the well-deserved promotion of Tom Whittington to the role of Head of Project Execution.
Tom has been instrumental in the success of a number of mandates during 2023 and will now head project teams and will supervise the full execution team and any associated consultants.
LAB Energy Advisors is looking to further expand Tom’s execution team and are keen to hear from junior/graduate technical or commercial professionals with an interest in the energy sector and the transaction markets. Please send CV’s to Tom Whittington twhittington@labenergyadvisors.com
Chariot Energy Announced Development and Exploration Farm-out to Energean, Offshore Morroco
7th December 2023
LAB Energy advised Chariot on its recently announced farm-out to Energean
Chariot announced that it has signed Partnership Agreements with Energean on the Lixus Offshore licence where the Anchois gas development project is located, and on the Rissana Offshore licence in Morocco. Energean will acquire 45% and 37.5% interests in the Lixus and Rissana licences respectively,and take operatorship of both licences. Under the terms of the agreement Energean will pay an upfront consideration, deferred consideration and potentially a full carry to first gas.
LAB Energy Presents at Africa Oil Week in Cape Town
11th October 2023
Mark Llamas and Paul Bannister attended Africa Oil Week in Cape Town where Mark presented, setting the scene for the Prospect Forum.
Mark and Paul enjoyed a productive week at Africa Oil Week, meeting connections and making new acquaintance and continuing to strengthen LAB Energy’s network across the region.
Managing Director and Co-Founder Mark Llamas delivered a talk at Africa Oil Week in Cape Town. Mark opened the Prospect Forum speaking about the current exploration farm out market and various strategies for monetisation in the current climate.
To request a copy of the presentation please contact Mark Llamas >
ADX Energy Secures Development Funding for the Anshof Prospect, Upper Austria
7th August 2023
Congratulations to our client ADX Energy on their recently announced transaction with MND.
ADX accelerates development of the Anshof field following investment agreement with MND.
Under terms of the agreement MND will pay back costs and fund two development wells to earn a 30% interest in the licence area. The transaction includes contingent success payments and further development funding if the Anshof-1 well meets agreed production performance criteria. Total firm and contingent investment by MND equals EUR 11.52 million.
2nd Anniversary Cycling Sportive
7th July 2023
LAB Energy was pleased to host its second annual cycling Sportive
We enjoyed another day of glorious weather at the second Annual LAB Energy Advisors cycling Sportive (the fifth organised by Mark Llamas and Paul Bannister and the fifth event bathed in sunshine). This year the venue was moved to Denbies Wine Estate who served up a pre-ride breakfast, a hearty barbecue post-ride and a selection of wine, beer and soft drinks, however the hills remained the same and provided the usual challenge.
LAB Energy Presents at Africa Energies Summit
17th May 2023
Representing LAB Energy Advisors Mark Llamas was delighted to speak at the recent Africa Energies Summit in London.
Mark presented on the theme of Funding Exploration and Monetising Discoveries, discussing various funding models and industry solutions used to finance oil and gas projects in the current market. Mark also discussed the impact a competitive auction process can have on driving seller value
To request a copy of the presentation please contact Mark Llamas >
LAB Energy Advisors Presents at BEOS Event in London
25th April 2023
Representing LAB Energy Advisors Paul Bannister presented at the BEOS event in London as part of the Monetising Exploration session.
Paul was pleased to present at the recent BEOS conference and delivered a presentation on the theme of monetising exploration in the current upstream market. Paul discussed opportunities to secure industrial funding and the impact project maturation has on valuation, sharing case studies from across the sector.
To request a copy of the presentation please contact Paul Bannister >
LAB Energy Advisors Advised North Sea Farm-Out
5th April 2023
The LAB Energy team are delighted to have advised Hartshead Resources on its UK Southern Gas Basin farm-out.
Hartshead Resources has entered into a Farm-out Agreement with established UK North Sea independent RockRose Energy (part of the Viaro Energy Group) for a divestment of a 60% equity interest in its UK Southern Gas Basin Licence P2607. The opportunity presents a multi-phase development project targeting material discovered and prospective gas resources proximal to existing infrastructure.
LAB Energy Advisors managed the farm-out process which lead to a c.$100MM deal for the partial divestment comprised of past costs, promote and milestone bonus payments. The transformational transaction offers a clear pathway to development and cashflow.
LAB Energy Advisors New Office
1st February 2023
LAB Energy Advisors is excited to announced that it has moved to a new office location.
Within easy reach of the West End or the City of London, LABS House is perfectly positioned to enable easy access to our connections across the capital and beyond.
Our new office address is
LABS House
15-19 Bloomsbury Way
London
WC1A 2T
ADX Energy Secures Farm-in Funding to drill Welchau Gas Prospect, Austria
29th November 2022
LAB Energy Advisors acted as farm out advisor to ADX Energy.
ADX Energy Ltd announced that it had signed a Joint Development Agreement with Kepis & Pobe Financial Group Inc. (KPFG) a leading Canadian energy finance and development group. KPFG has committed to fund 50% of well costs to earn a 20% participating interest in the Welchau farmin area.
In addition to the Farmin Funding, KPFG will pay EUR 228,000 for back costs relating to the Welchau prospect and the Molln appraisal opportunity. The Welchau prospect is located up dip from the Molln-1 gas discovery and has the potential to contain 807 BCF gas (best technical prospective resource).
LAB Energy Advisors assist CPT with capital raise
30th September 2022
Congratulations to the Cool Planet Technologies team on successfully completing their Series A capital raise.
LAB Energy Advisors is delighted to have assisted CPT in the capital raise, and we wish our client and it new partners (Eni Next, Audacy Ventures and Neva SGR) all the best as the company demonstrates the potential of its its PolyActive membrane-based CO2 capture technology at Holcim’s cement plant in Höver, Germany.
The future looks bright for CPT and we look forward to following the further development of the business as it targets a key role in the decarbonisation of industry.
Announcement of new strategic partnership
16th August 2021
LAB Energy Advisors is delighted to announce a new strategic partnership with Green Angel Syndicate.
Green Angel Syndicate is one of the largest angel syndicates in the UK, and the only one specialising in the fight against climate change.
As strategic partners LAB Energy Advisors will offer its energy sector expertise to help screen and, where appropriate, introduce investment opportunities to Green Angel Syndicate.
LAB Energy Advisors has introduced a number of start-up businesses and management teams to Green Angel Syndicate, all of which are focussed on renewable energy or clean energy technologies.
LAB Energy Advisors is also committed to investing directly in to the syndicate fund.
We look forward to our collaboration with Green Angel Syndicate.
