Client NewsUnited Oil & Gas PLC: Long Stop Date Extension – Sale of UK Central North Sea Licence
As announced on the 17th January 2023, United has entered into a binding asset purchase agreement (“APA”) with Quattro Energy Limited for the conditional sale of the UK Central North Sea Licence P2519 containing the Maria discovery in Block 15/18e.
The long stop date for the satisfaction of the APA conditions was 16th April 2023. The parties to the APA have agreed an extension of this long stop date to the 17th May 2023 to allow additional time for the APA conditions required for completion to be satisfied. A further update will be provided to the market in due course.
Long Stop Date Extension – 07:00:05 17 Apr 2023 – UOG News article | London Stock Exchange
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