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Report: Neptune Energy will be prepared for IPO by April 2020

Neptune Energy Ltd. intends to be ready for its initial public offering by April 2020, Reuters reported Sept. 12, citing comments from company CFO Armand Lumens.

Lumens told Reuters reporters on the sidelines of an energy conference in Norway that the listing will depend on commodity price developments as well as shareholder decisions. Neptune plans to seize on an unspecified opportunity that could occur within two years after the listing, the report said.

Neptune Energy is an oil and gas firm based in London that is backed by private equity firms Carlyle Group LP and CVC Capital Partners Ltd.. The company operates in eight countries and has a daily average production of 162,000 barrels of oil equivalent per day, according to its website.