Scandoil  

ATP Oil & Gas provides an update on the acquisition of its shares by Alpha Petroleum


Published Feb 11, 2014
ATP Oil & Gas

ATP Oil & Gas (UK) Limited confirm the previously announced acquisition of its shares by Alpha Petroleum (UK) Holdings Limited is scheduled to complete on Monday 10th February. The Department of Energy and Climate Change ('DECC') has confirmed in writing that conditional on completion of that acquisition the Skipper and Blythe licences, which are held jointly with Independent Oil and Gas Plc ("IOG"), will be extended by 18 months.

ATP UK and IOG both wish to progress the appraisal of the Skipper discovery expeditiously. Following technical evaluation, assisted by AGR Well Management, the co-venturers have agreed that a well spud date in summer 2014 may be achieved without compromise to safety, timing or the technical objectives for the well. This timing is subject to funding, and shareholder approval, for the co-venturers and rig availability.

Tags: ATP Oil & Gas Corporation




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml