Coastal Africa Group Limited is a fully integrated oil and gas company established in December 2025, focusing on acquiring and investing in energy assets in West Africa, particularly in Nigeria and Angola. The company's strategy includes targeting energy assets at different stages of maturity, with specific initiatives like advancing economically attractive field developments within clusters and revitalizing previously productive assets experiencing dwindling output. They aim to enhance project efficiency by reducing reliance on third parties and mitigating common industry risks. Coastal Africa's operations may also involve the investment in processing, storage, and evacuation infrastructure, utilizing technologies such as Floating Production Storage and Offloading units (FPSOs), Mobile Offshore Production Units (MOPUs), and Floating Storage and Offloading units (FSOs). The company commenced trading on the AIM market in London on June 10, 2026, raising £17.4 million from the sale of 10.8 million new shares at a price of 161 pence, resulting in a market capitalization of £218.7 million at IPO. Coastal Africa Group Limited is incorporated in the British Virgin Islands, with additional offices in Lagos, Nigeria, and London, UK. The management team comprises several key figures including Conrad Johan Clauson as CEO and Ogbemi Eyituovo Ofuya as CFO. They have also entered into an exclusivity agreement with BP Oil International for the offtake and marketing of crude oil and condensate.
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Coastal Africa Group Limited's offering is currently announced on AIM. It is classified under Energy.
Coastal Africa Group Limited has filed 2 times, starting with a S1 on May 21, 2026.
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Coastal Africa Group Limited IPO details — tracked by DiscoverIPO: https://www.discoveripo.com/ipo/coastal-africa-group?utm_source=embed&utm_medium=text&utm_campaign=coastal-africa-group
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Coastal Africa Group Limited is listing on AIM.
Coastal Africa Group Limited is a fully integrated oil and gas company established in December 2025, focusing on acquiring and investing in energy assets in West Africa, particularly in Nigeria and Angola. The company's strategy includes targeting energy assets at different stages of maturity, with specific initiatives like advancing economically attractive field developments within clusters and revitalizing previously productive assets experiencing dwindling output. They aim to enhance project efficiency by reducing reliance on third parties and mitigating common industry risks. Coastal Africa's operations may also involve the investment in processing, storage, and evacuation infrastructure, utilizing technologies such as Floating Production Storage and Offloading units (FPSOs), Mobile Offshore Production Units (MOPUs), and Floating Storage and Offloading units (FSOs). The company commenced trading on the AIM market in London on June 10, 2026, raising £17.4 million from the sale of 10.8 million new shares at a price of 161 pence, resulting in a market capitalization of £218.7 million at IPO. Coastal Africa Group Limited is incorporated in the British Virgin Islands, with additional offices in Lagos, Nigeria, and London, UK. The management team comprises several key figures including Conrad Johan Clauson as CEO and Ogbemi Eyituovo Ofuya as CFO. They have also entered into an exclusivity agreement with BP Oil International for the offtake and marketing of crude oil and condensate.
The UK Financial Conduct Authority's National Storage Mechanism — an intention-to-float or AIM pre-admission announcement date, not a confirmed first-dealings date. Retrieved Sep 17, 2026.
View the original filing on FCA NSM →Not investment advice. DiscoverIPO is an informational database. Nothing here is a recommendation to buy or sell any security, and no content should be relied on as financial advice. All figures come from public securities-regulator filings, may be incomplete or out of date, and should be verified against the original source before you act on them.
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