MRP - Lwvine in Control26 Nov 2009 16:41
http://www.istockanalyst.com/article/viewiStockNews/articleid/3665487
(Source: Evening Standard)By Evening Standard, London
Nov. 25--Oil tycoon Peter Levine has made a new raid on the AIM-listed energy market, taking a substantial stake in northern England coal pit methane producer iGas.
Levine has set up an asset management/private-equity fund to invest the £100 million or so he made when his Imperial Energy was taken over last year.
Today he is underwriting a £13 million share placing in iGas, which claims it has enough gas to power 7 percent of UK homes for 15 years.
Last month Levine took control of Meridian Petroleum to become his oil and gas takeover vehicle. He also has stakes in Valiant Resources and BowLeven.
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