Oil & Gas

Horse Hill

The company has agreed the sale of its entire 85.635% interest in the Horse Hill field (“HH”) and its surrounding PEDL137 licence to energy B PLC (“energy B”), an energy company listed on the London Aquis exchange, for a cash consideration of £1,000,000. The Company intends to use the consideration to progress its two material UK salt cavern energy storage projects and new international energy opportunities under active review.