document: UJO has secured OGA approval for the acquisition of Terrain Energy's 35% interest in PEDL 005(R) (Keddington field) for GBP 200,000 effective 1 Jan '20. It has also taken on Terrain's 15% in PEDL 339 (Louth + North Somercotes prospects), effective 30 Mar '20. Both licences are now run by Egdon (op) + partner UJO.  It is recalled Egdon has been seeking to farm down its 45% interest in PEDL 005, 50 sq km mostly onshore in Lincolnshire (E. Midlands, Humber Basin). The acreage contains the Louth prospect.
summary: UJO has secured OGA approval for the acquisition of Terrain Energy's 35% interest in PEDL 005(R) (Keddington field) for GBP 200,000 effective 1 Jan '20. It has also taken on Terrain's 15% in PEDL 339 (Louth + North Somercotes prospects), effective 30 Mar '20. Both licences are now run by Egdon (op) + partner UJO. It is recalled Egdon has been seeking to farm down its 45% interest in PEDL 005, 50 sq km mostly onshore in Lincolnshire (E. Midlands, Humber Basin). The acreage contains the Louth prospect.