KrisEnergy, an independent upstream oil and gas company focused on the exploration for, and development and production of, oil and gas in Southeast Asia, today announces that it has lodged its prospectus for an initial public offering (IPO).

The company will offer 152 million shares for sale at $1.10 apiece, of which 132.1 million shares are earmarked for placement.

The remaining 19.9 million shares will be open to public subscription.

An additional 94.2 million shares by cornerstone investors.

KrisEnergy expects to raise gross proceeds of up to $270.8 million.