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/CNW/ - Jesmond Capital Ltd. (TSXV: JES.P) ("Jesmond") is pleased to announce that it has entered into a binding definitive agreement (the "Agreement") with...
United Oil & Gas has entered into a binding Asset Purchase Agreement ('APA') with Quattro Energy to sell UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e for a maximum consideration including contingent bonus payments of up to £5.7 million (c.US$6.95 million).
AIM-listed United Oil & Gas has announced the results of an independent contingent resources audit conducted by Gaffney, Cline & Associates on the Maria Discovery, in Licence P2519, located in the UK Central North Sea (CNS).
United Oil & Gas and Quattro Energy have agreed an extension of the long stop date for the acquisition by Quattro of United's UK Central North Sea Licences P2480 and P2519.