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UK North Sea Discovery Sale Cancelled as Buyer Fails to Raise Funds

United Oil & Gas has terminated the proposed sale of a UK North Sea offshore block containing the Maria discovery after the buyer…

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Finance issue halts North Sea oil deal

The collapse of a North Sea deal has been blamed on the impact of the government’s windfall tax.United Oil & Gas was hoping to sell a licence containing the Maria discovery to Quattro Energy and announced a potential sale at the start of this year.The site was estimated to have resources containing

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United Axes Sale of North Sea License

United Oil and Gas will also let its interest in License P2519, containing the Maria discovery, expire on November 30.

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United Oil & Gas terminates North Sea deal with Quattro Energy

United Oil & Gas PLC on Wednesday said it has terminated its asset purchase agreement with Quattro Energy Ltd. UOG is a London-based oil and gas company focused on Egypt, the UK and Jamaica. Quattro.

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UK: United Oil and Gas announces termination of agreement with Quattro for sale of UK Central North Sea Licence

UK: United Oil and Gas announces termination of agreement with Quattro for sale of UK Central North Sea Licence
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