UKOG announced that it has entered a binding heads of terms agreement with Doriemus Plc to acquire a further 6% shareholding in the company’s subsidiary, Horse Hill Developments Limited (“HHDL”), the operator and 65% direct interest holder in the Horse Hill oil field and the surrounding PEDL137 and PEDL246 licences. Upon completion, UKOG will hold a 77.9% direct interest in HHDL and a 50.635% interest in the Horse Hill oil field licences.
14 Feb 2019
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UK Oil & Gas Plc (UKOG:LON) | 0.0 0 0.0% | Mkt Cap: 1.12m
- Published:
14 Feb 2019 -
Author:
Brendan Long -
Pages:
5
UKOG announced that it has entered a binding heads of terms agreement with Doriemus Plc to acquire a further 6% shareholding in the company’s subsidiary, Horse Hill Developments Limited (“HHDL”), the operator and 65% direct interest holder in the Horse Hill oil field and the surrounding PEDL137 and PEDL246 licences. Upon completion, UKOG will hold a 77.9% direct interest in HHDL and a 50.635% interest in the Horse Hill oil field licences.