United Oil & Gas has announced that it has agreed to a long stop date extension with Quattro Energy for the sale of its P2519 licence, containing the Maria discovery.
United Oil and Gas (LON: UOG) has entered into a binding asset purchase agreement with Quattro Energy for the conditional sale of the UK Central North Sea Licence containing the Maria discovery.
United Oil and Gas announced it had signed a binding purchase agreement with Quattro Energy for Licence P2519, nearly a year after it called off a similar deal due to financing delays.
According to a recent contingent resources audit conducted by Gaffney, Cline and Associates, the Maria discovery in the North Sea has been found to hold up to 17.7 million barrels of oil and gas.
Stockbrokers have placed a £33.5 million valuation on an oil discovery in the Central North Sea.
United Oil and Gas and newcomer Quattro Energy have entered a binding sale and purchase agreement for two licences in the Central North Sea.
Wintershall today confirmed successful start-up of its Maria field, one year ahead of schedule.
German oil giant Wintershall has been granted permission to use the Deepsea Stavanger to drill on the Maria field.
Wintershall today confirmed the start of drilling operations on its flagship Maria project.
Wintershall’s success with its Maria project proves the company wasn’t crazy to take it on, according to the firm’s executive director of exploration and production in Europe.