Long Stop Date Extension - Sale of UK Central North Sea Licence

Source Press Release
Company United Oil & Gas PlcQuattro Energy Limited 
Tags Asset Deals, Deals, Upstream Activities
Date December 07, 2021

As announced on 7 September 2021, United has entered in to a binding sale and purchase agreement ("SPA") with Quattro Energy Limited to sell its UK Central North Sea Licences P2480 and P2519.

The long stop date for satisfaction of the SPA conditions was 6 December 2021. The parties to the SPA have agreed an extension of this long stop date to 28 February 2022 to allow additional time for the SPA conditions required for completion. A further update will be provided to the market in due course. 

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd