UJO has agreed to buy a further 12.5% in Egdonâs PEDL 180 & 182 from Celtique Energie, boosting its interest here to 27.5%. The GBP 1.04 MM deal is a deferred consideration conditional on 1st production is subject to OGA approval. Egdon has picked up the balance of Celtiqueâs interest (ex-30%) on similar terms (i.e. at no initial cost). The licences lie south of Hull in Lincolnshire and are home to the Wressle structure and the Broughton North prospect. Partnership now to be Egdon (op) 30%, Europa 30%, UJO 27.5%, Humber O&G 12.5%.
UJO has agreed to buy a further 12.5% in Egdonâs PEDL 180 & 182 from Celtique Energie, boosting its interest here to 27.5%. The GBP 1.04 MM deal is a deferred consideration conditional on 1st production is subject to OGA approval. Egdon has picked up the balance of Celtiqueâs interest (ex-30%) on similar terms (i.e. at no initial cost). The licences lie south of Hull in Lincolnshire and are home to the Wressle structure and the Broughton North prospect. Partnership now to be Egdon (op) 30%, Europa 30%, UJO 27.5%, Humber O&G 12.5%.