Scandoil  

Iona Energy to sell interest in the Esmond Transportation System


Published Jul 3, 2015
Iona Energy

Iona Energy Inc. says that its UK subsidiary, Iona Energy Company (UK) plc, has entered into a definitive sale and purchase agreement with GDF SUEZ E&P UK Ltd (part of the ENGIE Group) in respect of the Company's 2.5% interest in the Esmond Transportation System which includes Iona's associated interest in the EAGLES pipeline.

Iona shall receive a cash consideration of £1.3 million (approximately US$2.0 million). The completion and timing of the Transaction remains subject to obtaining all normal and necessary third party consents and regulatory approvals including discharges and release of securities. The Company expects the Transaction to complete in Q3 2015.

Tags: Iona Energy Inc.




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