In a cash-and-share deal to be finalised by March, Oilex has agreed to take on P2446 (Doyle-Peel prospects) from Burgate E&P, and likewise for adjacent P2076 (Castletown) from Burgate, Comtrack + Simwell Resources. The licences cover 186 sq km and 32.4 sq km resp. in the Morecambe Bay:
Oilex has agreed to take on P2446 (Doyle-Peel prospects) from Burgate E&P, as it has for adjacent P2076 (Castletown) from Burgate, Comtrack + Simwell Res. The licences cover 186 and 32.4km Â² resp. in the Morecambe Bay.