T5 launches first-look roadshow in advance of €50 million IPO

Increase in oil prices to $80 a barrel expected to support stronger valuation for oil and gas company

An oil refinery in Gabon, where T5 Oil and Gas, led by industry veteran Pat Plunkett, has acquired a stake in a prospect Picture: Getty/Fergal Phillips

T5 Oil and Gas, the Irish exploration firm led by Tullow Oil veteran Pat Plunkett, has kicked off an early-look roadshow with investors in advance of a €50 million initial public offering later this summer.

The firm is being advised by Davy Stockbrokers. It previously had been reported that the IPO would be worth in the region of €30 million, but sources said that it was now likely to be significantly higher than ...