1947 Oil and Gas plc
LLSE:19479.50
GBX
+0.15
(+1.60%)
ISIN
GB00BRQMRP25
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- London United Kingdom
- Website
- 1947plc.com
- Similar Companies
- Business
- 1947 Oil & Gas plc is an independent upstream energy company engaged in the exploration, acquisition, exploitation, development, and production of oil and natural gas assets. The company focuses on acquiring, operating, and managing mature, cash-generative, conventional oil-weighted properties. Its principal operations and offerings include the upstream extraction and production of crude oil; the production and processing of natural gas and natural gas liquids; offshore reservoir management and production optimization; shallow-water field redevelopment and workovers; well recompletions, sidetrack drilling, and enhanced recovery operations; and the long-term maintenance, monitoring, and decommissioning of offshore production infrastructure. 1947 Oil & Gas plc operates primarily in the United States, targeting oil and gas reserves located across the shallow waters of the Outer Continental Shelf in the Gulf of Mexico, primarily offshore Louisiana. The company sells its produced hydrocarbons to midstream operators, refining companies, and energy marketers across North American markets. In September 2026, 1947 Oil & Gas plc completed its initial public offering and admission to trading on the AIM market of the London Stock Exchange under the ticker symbol 1947, raising £50 million in gross proceeds through the issuance of 500 million new ordinary shares, resulting in an initial market capitalization of approximately £65.1 million. Concurrently with its market admission, the company completed the strategic acquisition of Renaissance Offshore, LLC, a Houston-based oil and gas producer, establishing its foundational asset portfolio comprising interests in 11 shallow-water producing fields, 23 offshore platforms, 88 active wells, and certified proved and probable reserves of 19.7 million barrels of oil equivalent. In connection with the transaction, the company appointed former Talos Energy founder Tim Duncan as Executive Chairman to lead a strategic roll-up initiative acquiring non-core, mature conventional offshore assets throughout the Gulf Coast region. Founded in 2026, 1947 Oil & Gas plc is headquartered in London, United Kingdom, and maintains its primary operational offices in Houston, Texas, United States.