Equities
UK Oil & Gas to Sell UK Field Stake for GBP1 Million
UK Oil & Gas (UKOG.L) agreed to sell its entire stake in the Horse Hill field in the UK and the surrounding PEDL137 license for 1 million pounds sterling.The 85.635% stake is being sold to Energy B (NRGB.AQ), subject to regulatory clearance and approval from the buyer's shareholders, the British oil and gas company said Friday.UK Oil and Gas intends to use the proceeds to fund its two UK salt cavern energy storage projects and pursue new international energy opportunities.
$NRGB.AQ$UKOG.L
