RE: Completion25 Sep 2018 17:19
Pasted from Stockomendation Regulatory News Service
Completion of acquisition of 22% Interest
in Horse Hill Oil Discovery and Licences
PEDL137 and PEDL246 Licences, Weald Basin, UK
UK Oil & Gas PLC (London AIM: UKOG) announces that it has completed the acquisition of the 22% shareholding in Horse Hill Developments Ltd ("HHDL") from Gunsynd PLC, Primorus Investments PLC and Solo Oil PLC ("the Vendors"). These acquisitions were announced on 20 and 30 August 2018. The Company now owns 71.9% of HHDL and holds a 46.735% beneficial interest in the onshore Weald Basin licences PEDL137 and PEDL246 ("the Licences"). UKOG is now the single largest shareholder in HHDL and the largest single largest beneficiary in the Licences.