London, 12 August 2014 – Impact Oil & Gas (‘Impact’) has raised a total of US$55 million through a private placing of new shares to both new and existing investors. The bulk of the placing, a total of US$50 million, has been raised from two key new investors; one investor is a fund managed by Helios Investment Partners LLP, an Africa focused Private Equity Group while the other is a subsidiary of Hoskins Consolidated Investments (HCI) of South Africa. HCI is a Black Economic Empowerment (BEE) investment holding company listed on the Johannesburg Securities Exchange.

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