Eton Park Capital Opens Position in 3Legs Resources ~ market folly

Thursday, June 30, 2011

Eton Park Capital Opens Position in 3Legs Resources

Eric Mindich's hedge fund firm Eton Park Capital has opened a brand new position in 3Leg Resources. According to a UK regulatory filing made on June 28th, Eton Park now own 3.49% of 3Legs' outstanding shares.

3Legs Resources is involved in the exploration and development of unconventional oil and gas resources with a particular focus on shale gas in Europe. Poland is the group's main country of operation.

The company was admitted to trading on London's AIM market on June 14th, so it seems likely that Eton Park acquired their shares via the placement.

For other activity from Eton Park, we've covered the reduction in their Airgas (ARG) position.


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