08:00 Tue 16 Apr 2019
Union Jack Oil PLC - Holmwood Update
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement
("Union Jack" or the "Company")
Sale of 7.5% Interest in PEDL143 (Holmwood) to UK Oil & Gas PLC
The aggregate purchase price by UKOG for the Licence Interest is
A further announcement will be made on completion.
"Union Jack's strategy is to focus on what we consider to be near term drilling and production opportunities in the
"Our modest investment in Holmwood was made with a view to capitalising on the increasing activity within the
"This agreement allows Union Jack to now concentrate totally on our focused areas of the
"Payment in UKOG shares allows Union Jack to not only benefit from UKOG's increased interest in Holmwood, but also exposure to UKOG's wider
For further information, please contact:
|
+44 (0)7787 160 682 |
|
|
|
|
|
+44 (0)20 3470 0470 |
Nominated Adviser |
|
|
|
|
|
|
|
|
+44 (0)7949 690 338 |
Public Relations |
|
Stefania Barbaglio |
|
This information is provided by RNS, the news service of the
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE