Temple Pershing Mining Company and their Middle Eastern partners enter Prax Lindsey Oil Refinery dialogue

Senior managing director of Teneo Mr Matt Roe contacted Temple Pershing legal representatives Preiskel & Co and acknowledged receipt of TPMCs formal expression of interest and introduced Phil Merigot and Sam Ballinger of FTI Consulting the special managers for further discussion.

TPMC and their Middle Eastern partners, through their legal team Preiskel & Co are now liaising directly with the relevant parties being the special managers for the negotiations in regards to the acquisition of the Prax refinery.

This submission is a very positive step forward for the development of meaningful dialogue on behalf of TPMC and their oil and gas dynasty partners, who are one of the world's largest oil producers. The TPMC team and partners are looking forward to working closely together with FTI to develop a robust framework for the successful acquisition of the PRAX refinery. 

About Prax Lindsey Oil Refinery (the “Refinery”)
On 30 June 2025, a winding-up order was issued against Prax Lindsey Oil Refinery Limited, along with its associated storage and terminal companies.

The Official Receiver, Gareth Jonathan Allen, was appointed as Liquidator, with FTI Consulting LLP brought in as Special Managers to assist.

Despite efforts to find a buyer, no credible acquisition emerged, and the refinery began winding down operations in August 2025.
Lindsey supplied 10% of the UK’s domestically produced fuel, making its closure a major blow to national energy resilience.

About Temple Pershing Mining Company (“TPMC”)
TPMC is a developer of worldwide mining projects, and is represented by Robert Dougans of Preiskel & Co. LLP, London.
Contact: Temple Pershing Mining
press@tpminingco.com

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