Business
Termination of Licence Sale and Purchase Agreement
Termination of Licence Sale and Purchase Agreement.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2889D\n Europa Oil & Gas (Holdings) PLC\n 02 March 2022\n \n \n \n \n Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas\n \n \n 2nd March 2022\n \n \n Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')\n \n \n Termination of Sale and Purchase Agreement on Irish Licence FEL 3/19 \n \n \n \n \n \n Europa Oil & Gas (Holdings) plc, the UK, Ireland and Morocco focused oil and gas exploration, development and production company refers to the conditional acquisition of a 100% interest in Frontier Exploration Licence (\"FEL\") 3/19 located in offshore Ireland, from DNO North Sea (U.K.) Limited (\"DNO\"), announced on 1st June 2020.\n \n \n \n \n \n Europa has received notification from DNO that it wishes to exercise its rights to terminate the Sale and Purchase Agreement (SPA), with effect from 1st March 2022. \n \n \n \n \n \n Accordingly, Europa confirms that it will not, therefore, be acquiring this licence.\n \n \n \n \n \n * * ENDS * *\n \n \n For further information please visit \n \n \n www.europaoil.com\n \n \n or contact:\n \n \n \n \n \n \n \n \n Simon Oddie\n \n \n Europa\n \n \n [email protected]\n \n \n \n \n Murray Johnson\n \n \n Europa\n \n \n [email protected]\n \n \n \n \n Christopher Raggett\n \n \n finnCap Ltd\n \n \n + 44 (0) 20 7220 0500\n \n \n \n \n Andrew Thacker\n \n \n Turner Pope Investments (TPI) Ltd\n \n \n +44 (0) 20 3657 0050\n \n \n \n \n Oonagh Reidy\n \n \n \n St Brides Partners Ltd\n \n \n \n \n + 44 (0) 20 7236 1177\n \n \n \n \n \n \n \n \n \n \n \n \n \n Notes \n \n \n to Editors\n \n \n \n \n \n \n Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. \n \n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For furt...