UK junior Bridge Energy is targeting a larger investor pool as it sets its sights on a London listing later this year.

The exploration & production player, which is currently quoted on Norway’s junior Oslo Axess bourse, also has bullish plans for ramping up production in the next four to five years.

Bridge said it intends to seek a listing on London’s junior Alternative Investment Market in the end of September with an expected market capitalisation of £78 million ($125 million).

The company has assets in both Norwegian and UK waters and plans to increase its exploration portfolio going forward.

In its production stable it has an interest in the Victoria field in the UK southern North Sea gas basin, the Duart field in the UK central North Sea and, subject to completion, the Boa field in the UK northern North Sea.

It also has stakes in three exploration wells currently being drilled on the Norwegian continental shelf and one on the UK continental shelf. It has set itself a target of being involved in between four and five exploration wells per year going forward.

Current production is around the 1810 barrels of oil equivalent per day mark but Bridge is eyeing 10,000 boepd by the end of 2016.

Chief executive Tom Reynolds said: “We believe that the admission will be an important step in the group’s continued growth, which should provide additional liquidity and broader access to capital further support our growth plans.

“The admission should also provide increased liquidity for our existing shareholders through the ability to buy and sell ordinary shares to a broader investor base.”

Shares in Bridge were, however, relatively unmoved on Thursday, climbing just under 2% in Oslo.