The consortium led by Falcon Petroleum Ltd. will invest $36 million in Victoria Oil and Gas, which is listed on the London Stock Exchange Alternative Investment Market (AIM), Noor Capital said in a statement. It gave no further details.

The consortium would have the option to bid for the whole company in the future, it added.

Victoria Oil & Gas Plc. is an AIM-listed oil and gas company in the London Stock Exchange operating in the oil and gas sector in the former Soviet Union. The company operates an oil producing field in Kazakhstan, and has exploration concessions in Siberia and Britain as Kazakhstan.

Falcon Petroleum Limited is an independent oil and gas exploration and production operating company registered in Cyprus by a group of the UAE and international partners.

PIN/Reuters