Bridge follows Eland on to Aim

Bridge Energy, the oil and gas explorer and producer run by Scottish chief executive Tom Reynolds, has unveiled plans to join the Alternative Investment Market (Aim).

The firm, which is already listed on the Oslo stock market, will be valued at about £78 million following the float.

The group, which has a base in Aberdeen, has production assets including the Victoria field in the UK southern North Sea gas basin, the Duart field in the UK central North Sea and, subject to completion, the Boa field in the UK northern North Sea.

Bridge is also taking part in three exploration wells in Norwegian waters this year and a well off the coast of the UK.

News of its proposed dual listing comes just weeks after Aberdeen-based oil firm Eland joined Aim, valuing the African-focused driller at about £100m.