United Oil & Gas plc has started a second attempt to sell to Quattro Energy Ltd licence P2519 containing the Maria oil discovery within block 15/18e in the UK Central North Sea. QUATTRO ENERGY The company signed a binding asset purchase agreement (APA) to sell the licence for up to £5.7m, which is a higher price […]
Tag: Quattro Energy Ltd
Quattro’ appointment of Bradley Gunn as director ends
Quatro Energy Ltd’s appointment of Bradley Gerald Gunn as a director has ended. Companies House reported the termination effective from 28 September 2022. Quattro’s management currently comprises co-founders Neill Carson and Jens Pace, and chief financial officer Mark Semple. The company was incorporated in early 2021 with the aim of building a portfolio of oil […]
United cancels £3.2m Maria sale to Quattro
United Oil & Gas plc said it had terminated the agreement with Quattro Energy Ltd to sell its licences in the UK Central North Sea. AGREEMENT The Oil and Gas Authority (OGA) awarded United licence P2480 in its the 31st Licensing Round in August 2019 and licence P2519 in the 32nd Licensing Round, in December 2020. In September 2021, United […]
United extends deadline for £3.2m Maria sale
United Oil & Gas plc announced an extension to the deadline for the £3.2 million sale to Quattro Energy Ltd of its licences P2480 and P2519 in the UK Central North Sea. NEW DATE The long stop date to satisfy the sale and purchase (SPA) conditions was 6 December 2021. United said today that the […]
United signs £3.2m SPA with Quattro for Maria discovery
United Oil & Gas plc has entered into a binding sale and purchase agreement (SPA) with Quattro Energy Ltd to sell its UK Central North Sea Licences P2480 and P2519 for a headline consideration of up to £3.2 million. TERMS Quattro will pay an initial £2m to United in cash on completion. A further £1.2m will be paid to […]
United to exit North Sea with £3.2m Maria sale
United Oil & Gas plc has signed a non-binding heads of terms agreement to sell its UK Central North Sea licences P2480 and P2519 to newly formed Quattro Energy Ltd for up to £3.2 million. REVIEW United holds a 100% equity interest in each, with licence P2519 including the Maria discovery in block 15/18. The company […]