Hague & London Oil Announces Update on ONE-Dyas Transaction

Source: www.gulfoilandgas.com 3/9/2020, Location: Europe

Hague and London Oil PLC, the energy company with a portfolio of production, development, appraisal, exploration and infrastructure assets primarily focused on the Southern North Sea, is pleased to announce that it has recently received approval from the Ministry of Economic Affairs and Climate Policy (“the Ministry”) for transfer of ownership in the D12b license, offshore Netherlands, subject to the Proposed Transaction with ONE-Dyas (OND) for certain assets in the United Kingdom (UK) and the Netherlands.

The Company would also like to acknowledge that the "first gas" was recently produced from the Sillimanite Natural Gas Field offshore UK & the Netherlands (Sillimanite Unit) inclusive of the D12b license. Further work and drilling continues on the Sillimanite Unit for the full field development; this is anticipated within the coming months.

Additionally, the mandatory public consultation period for a provisional award of the F4a Block, offshore Netherlands, has recently closed. Therefore, subject to there having been no further consultation, or response being required, HALO would contemplate a formal award of the F4a License to the Company and partners by the Ministry relatively soon.

Any further updates with respect to any relevant Corporate Activity will be issued as, and when, such are required. Otherwise, HALO shall continue to focus on the Proposed Transaction with OND and wider Corporate initiatives already disclosed; these include the entire Corporate Portfolio and overall Strategic and Financing initiatives underway.


Norway >>  5/23/2022 - HAV Group ASA announces the acquisition of the remaining 22.72 percent of the shares of fast-growing subsidiary Norwegian Greentech AS (Norwegian Gree...
Spain >>  5/21/2022 - - Offer at € 18.05 per share, representing an attractive premium of 27.7 percent to the last unaffected closing share price of Siemens Gamesa Renewabl...

India >>  5/20/2022 - JSW Group, an Indian conglomerate, has reportedly signed an exclusivity agreement to acquire renewable energy company Mytrah Energy India.

...

United States >>  5/20/2022 - Blackstone Credit has acquired EIG’s 49% ownership interest in Elba Liquefaction Company (“ELC”), a joint venture entity of the Elba Island LNG facili...

Australia >>  5/19/2022 - Woodside shareholders voted to approve the proposed merger (the Merger) with the petroleum business of BHP Group Limited at today’s Annual General Mee...
Nigeria >>  5/19/2022 - In response to an article published today in This Day newspaper, stating that the Federal Government of Nigeria has declined consent to the acquisitio...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.