T5 Oil and Gas, the exploration investment firm headed by former Tullow Oil executives, has designs on becoming a publicly listed “multibillion-dollar” company and is targeting completion of its first reverse takeover deal before the end of this year.

T5 Oil and Gas, the new exploration firm established by five former Tullow Oil executives, is to seek a stock listing on Dublin’s ESM market in the autumn, or early next year, depending on market conditions.