Shepherd and Wedderburn advises BergenOil AG on investment in oil and gas company

Shepherd and Wedderburn has provided advice to BergenOil AG on the Scots law aspects of a significant investment in private oil and gas exploration company Aurora Energy Resources Limited.

Dirk Kolvenbach, a commercial lawyer at BergenOil AG’s law firm Heuking Kühn Lüer Wojtek, instructed Shepherd and Wedderburn to provide advice

Aurora, based in Aberdeen, holds Petroleum Exploration and Development Licence (PEDL) 164 covering 100km2 of West Lancashire and Merseyside.

Aurora is engaged in the exploration for shale gas in the UK, based on successful analogues from the United States.

Mr Kolvenbach said: “This was a new type of investment for our client into a highly complex and regulated environment. We were delighted with the commercial and legal advice that we got from Paul Hally’s energy team at Shepherd and Wedderburn. It meant that the client went in with their eyes open, understanding the nature of the investment and opportunity and risks.”

Finance and restructuring partner and chairman, Paul Hally who led the Shepherd and Wedderburn team said: “We were delighted to be able to support Dirk in such a frontier area of investment activity in the energy sector.

“It is another very tangible example of Shepherd and Wedderburn’s ability to provide international coverage for clients in leading industrial sectors globally and to act in concert with referring firms.”

Aurora Energy Resources Limited and its shareholders were represented byStronachs.