RE: CEO JOB GOING18 Jul 2024 06:53
Ppp to take 42% of horse hill
Currently, UKOG owns 85.635% of Horse Hill and its adjacent license areas. The planned collaboration would result in Pennpetro acquiring a share in the HH-3 well, reducing UKOG’s effective interest to 43.67%, while UKOG maintains its stake in the revenues and production from the HH-1 and HH-2/2z wells.