UOG has reached an option agreement to farm into P2264 / block 49/29c which contains the Acle prospect in the SNS. UOG can obtain 12% from each of current partners Swift Exploration (op) + Stelinmatvic in exchange for which it will pay 30% per cent of the costs of the 1st explo well. UOG will also pay GBP 20,000 cash to each partner on signing of the farm-in agreement. The option is exercisable upon a firm commitment being made to drill the well, and is valid until expiry of the 29-sq km licence, no earlier than 30 Jun â18. 
UOG has reached an option agreement to farm into P2264 / block 49/29c which contains the Acle prospect in the SNS, obtains 12% from each of current partners Swift Exploration (op) + Stelinmatvic.