8th May 2015 07:29
LONDON (Alliance News) - Hague and London Oil PLC Friday said it has been formally handed the licence for blocks 98/7b, 98/8a and 98/12 in the North Sea by the UK Department of Energy and Climate Change.
The licence was awarded to Hague's Wessex Hydrocarbons Ltd subsidiary, which has a 35% working interest. The other 65% interest is held by NWE Mirrabooka (UK) Pty Ltd, a subsidiary of Australian-listed Northwest Energy NL.
Shares in Hague were down 1.1% to 6.55 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Hague and London Oil