KEYFACT Energy
United Oil & Gas has entered into a binding asset purchase agreement ("APA") with Quattro Energy Limited for the conditional sale of the UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e.
The long stop date for the satisfaction of the APA conditions was 16th April 2023. The parties to the APA have agreed an extension of this long stop date to the 17th May 2023 to allow additional time for the APA conditions required for completion to be satisfied. A further update will be provided to the market in due course.
KeyFacts Energy: United Oil & Gas UK country profile