THE Parkmead Group run by Tom Cross is raising £12.3 million from outside investors who are showing confidence in his plan to build another big oil and gas business in the North Sea.
THE Parkmead Group run by Tom Cross is raising £12.3 million from outside investors who are showing confidence in his plan to build another big oil and gas business in the North Sea.
CROSS WORDS: Aberdeen-based oilman Tom Cross has invested another £3.4m in the oil and gas business.
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MARK WILLIAMSON
The Aberdeen-based oilman, who grew Dana Petroleum into a £1.9 billion business, has also underlined his faith in Parkmead's potential by agreeing to invest another £3.4m in the business.
Mr Cross has joined institutions in supporting a share placing through which AIM-listed Dana is raising around £16 million before expenses to further his plan to establish the firm as a significant industry player.
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