United Oil & Gas plc said it had today signed a confidential settlement agreement with Anasuria Hibiscus UK Ltd (AHUK) for the Crown disposal milestone payment. PAYMENT The Crown discovery lies in licence P2366 across Blocks 15/18d and 15/19b. “AHUK has agreed to pay United a total of US$2,500,000 (payable in three instalments between the date […]
Tag: Anasuria Hibiscus Uk Ltd
United continues talks with Hibiscus on Crown oil discovery licence
United Oil & Gas plc today announced it was continuing talks over the sale of its interest in the licence containing the Crown oil discovery. CROWN OIL DISCOVERY In August 2018, United was awarded Blocks 15/18d and 15/19b, containing the Crown discovery, as part of the UK 30th offshore licencing round. MILESTONE PAYMENTS The sale to […]