Case study
Gneiss Energy advises Humber Oil & Gas on asset sale to Reabold Resources

Gneiss advises Humber Oil & Gas on asset sale to Reabold Resources

Gneiss is pleased to announce we have successfully advised Humber Oil & Gas on the sale of their interest in the West Newton discovery onshore UK to Reabold Resources plc for £3.5 million.
Gneiss advised Humber in turbulent markets on the negotiation and structuring of the transaction, following a competitive process, which resulted in Reabold selected as the preferred bidder. Throughout the process, we guided Humber through various financial, commercial, operational and technical matters relating to the asset and the transaction.
We are delighted to have closed our 3rd transaction in 2020 despite volatile market conditions and an inability to carry out face-to-face meetings.
For the official press release, click here.
People
Company
Humber Oil & Gas
Tick
Year Completed
2020
Smart Grid
Service
Sell-side A&D
Handshake (1)
Role
Financial Adviser
Oil
Sector
Oil and Gas
GBP
Transaction Value
£4 million
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