Quorum bolsters its position

QOGT

Published date:
Thursday, January 10, 2008

An oil and gas focused investment fund floated on the main list this week raising $43 million to be invested at the high-tech end of the industry. Quorum Oil & Gas Technology (QOGT) is owned by Quorum Group, a 20-year-old strategic sector private equity firm, headquartered in North America. It will focus on technologies that allow improved extraction at a time when oil prices are high and there is a shortage of new reserves Quorum’s CEO Wanda Dorosz says: ‘The oil and gas technology industry continues to enjoy robust growth and, with our significant industry expertise, we are confident of exposing the fund to several of the future success stories in the sector.’by: Tom Sieber

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