Case study
Gneiss Energy acts as Financial Adviser to Humber on asset sale to Union Jack Oil plc

Gneiss is pleased to announce that we have acted as Financial Adviser to Humber Oil & Gas Limited

Gneiss Energy is pleased to announce that we have acted as Financial Adviser to Humber Oil & Gas Limited on the sale of a 15% economic interest in the Biscathorpe Project PEDL253 to Union Jack Oil plc (AIM:UJO) for £1,000,000 (a cash consideration of £500,000 upon OGA approval and, following receipt of various planning approvals, a further contingent payment of £500,000). 
Following completion of the acquisition Union Jack Oil plc will hold a 45% interest in PEDL253.
Our Oil & Gas team is delighted to already announce its 1st transaction of 2021.
People
Company
Humber Oil & Gas
Tick
Year Completed
2021
Smart Grid
Service
Sell-side A&D
Handshake (1)
Role
Financial Adviser
Oil
Sector
Oil and Gas
GBP
Transaction Value
£1 million
Connect with us
Our high level of service is firmly founded on the knowledge, experience, insight and judgement of our team. Find out more about what we can offer you and start your partnership with us today.