UJO has taken on a further 35% from partner Terrain Energy in PEDL 005(R) (Keddington oilfield) for GBP 200,000, pushing its stake to 55% whilst operator Egdon retains its 45%. In parallel, UJO is also acquiring 15% in adjacent PEDL 339 (Louth + North Somercotes prospects). The deal requires OGA approval. PEDL 005 lies in the Humber Basin, E. Midlands.
UJO has taken on a further 35% from partner Terrain Energy in PEDL 005(R) (Keddington oilfield) for GBP 200,000, pushing its stake to 55% whilst operator Egdon retains its 45%. In parallel, UJO is also acquiring 15% in adjacent PEDL 339 (Louth + North Somercotes prospects).