document: UKOG has agreed to acquire Magellanâs 35% in PEDL 137 + 246, home to the Horse Hill field, for GBP 12 MM. UKOGâs interest here therefore jumps to 85.635%, and provides for full operatorship on the drilling programme and production framework.
summary: UKOG (->85,635% op.) has agreed to acquire Magellanâs 35% in PEDL 137 + 246, home to the Horse Hill field, for GBP12 MM. 