New standard listing: Oneiro Energy

Oneiro Energy has raised enough cash to finance the search for an energy acquisition and undertake due diligence on a target. A gas asset is preferred. The first deal could be used as a platform for further acquisitions.

NAV is 2.4p a share. The share price finished the week at 6.75p (6p/7.5p). There were two trades on the first day worth less than £7,400 and ten trades worth less than £32,000.

There is no reason to chase the share price any higher.

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Oneiro Energy (LON: ON...