UJO has agreed to acquire Humber O&G's 12.5% in PEDL 180 + 182 (Wressle project + Broughton North prospect SE of Hull) for GBP 500,000 cash, thereby boosting its interest to 40%. Wressle production is expected to start 2H '20 at 500 bo/d from the Penistone Flags fm. Effective date of the acquisition will be 1 Mar '20, subject to OGA approval. Partnership now to be Egdon (op) 30%, Europa 30%, UJO 40%.
(Anglo-Dutch B.) PEDL 180 op. by EUROPA OGH (30%), EGDON (30%), UNION JACK (28%), HUMBER (13%), HEYCO (0%), UJO has agreed to acquire Humber O&G's 12.5% in PEDL 180 + 182 (Wressle project + Broughton North prospect SE of Hull) for GBP 500,000 cash, thereby boosting its interest to 40%.