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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.
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.
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