Surestream plans AIM listing

Central Africa specialist Surestream Petroleum plans to list on London’s AIM market in 2011. The company, which has acreage in Democratic Republic of Congo and Burundi, aims to raise $120m through an initial public offering. The company has a strategy of selecting countries with high political risk, a difficult operating environment and immature legal framework, It is interested in earlystage exploration in the hope of proving up new plays then handing assets on for development. The company has attracted farm-ins from Glencore and Eni to its DRC acreage.