Oil firm applies for dual listing

Dublin-headquartered exploration company Falcon Oil & Gas is to take a dual share listing in London and Dublin, aimed at raising $25m (€19.2m).

It is expected that the two listings — on the AIM in London and Dublin’s secondary ESM market — will commence in two weeks’ time on Thursday, Mar 28.

Announcing the company’s application for trading on both exchanges, chief executive Philip O’Quigley, called it “the right time” to bring the firm to AIM and ESM, “in order to support the next stage of Falcon’s development”.