Business
Closing of sale
Closing of sale.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0089K Regal Petroleum PLC 07 July 2011 \n \n\n \nRegal Petroleum plc\n(\"Regal\" or the \"Company\")\n \n7 July 2011\n \n \nCLOSING OF SALE OF INTEREST IN \nEAST RAS BUDRAN CONCESSION, EGYPT\n \nRegal, the AIM-listed oil and gas exploration and production group (symbol: RPT), announces that it has completed the sale of its 25% non-operated interest in the East Ras Budran Concession in Egypt to Apache East Ras Budran Corporation LDC (\"Apache\"). \n \nThe consideration payable under the sale agreement was US$1,100,000, which was subject to accounting adjustments under the joint venture between Regal and Apache, resulting in net receipts to Regal of US$640,344, which were paid on completion. \n \n \nFor further information, please contact:\n \nRegal Petroleum plc Tel: 020 7408 9500 \nKeith Henry, Chairman \nRobert Wilde, Finance Director\n \nStrand Hanson Limited Tel: 020 7409 3494 \nSimon Raggett / Rory Murphy\n \nCitigate Dewe Rogerson Tel: 020 7638 9571\nMartin Jackson / Kate Lehane\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISLLFVEDTIDIIL \n ","length":2939,"tagName":"div"}]