Peak Oil and Gas formally launched its $55 million IPO this week, but given recent events at the junior end of the Philippines energy sector, its timing perhaps could have been better.

Peak’s strategy is predicated around the rapid development of the advanced Cadlao field in the Philippines, with the field expected to generate around $US50 million in cash flow in its first six months of operation after it comes on line late next year. Peak then hopes to tie several smaller fields into Cadlao.