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.
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.