RockRose Energy plc has announced that it has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK Ltd (Maersk) to acquire its nonoperated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields. Any potential transaction remains subject to contract.
Any transaction would be subject to the agreement of a definitive Sale and Purchase Agreement (SPA) with Maersk and the usual regulatory permissions from the Oil and Gas Authority (OGA) and partners. As any transaction would constitute a reverse takeover, the company has requested that the UK Listing Authority (UKLA) suspend the listing of the shares with immediate effect.
A further announcement will be made in due course.
For more information, please visit: http://rockroseenergy.com
Adapted from a press release by Louise Mulhall
Read the article online at: https://www.oilfieldtechnology.com/product-news/15092016/rockrose-energy-acquires-maersk-oil-assets/