approvals - ?? role of Welsh10 Jan 2018 17:55
Negotiations have been ongoing between Gerwyn Williams, Chief Executive, and the other Board members regarding the potential acquisition by the Company of Transgas Limited (�Transgas�) by means of a share for share transaction. Transgas is the parent company of South Western Energy Limited (�SWE�), which holds a number of Petroleum Exploration and Development Licences (�PEDLs�) across the South West of England, including North Somerset and areas to the north and west of Wytch Farm in Dorset covering a total area of 823.98 sq. km. Transgas is owned by Gerwyn Williams and members of his immediate family. SWE holds 100% of the PEDLs.