IN BRIEF: Advance Energy Says Wessex Basin Licences Terminated

IN BRIEF: Advance Energy Says Wessex Basin Licences Terminated
Wed, 10th Feb 2021 14:39
Advance Energy PLC - upstream oil and gas company - Says offshore P1918 Colter & Colter South licence, and onshore PEDL 330 and PEDL 345 licences are terminated, effective from January 31.
Notes subsidiary Resolute Oil & Gas UK Ltd held an 8% non-operated working interest in the P1918 licence but the second term of the licence expired without being renewed. Resolute also held 8% stake in the PEDL 330 and PEDL 345 licences but relinquished the licences in line with the operator's recommendation.
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