16th Sep 2015 12:03
LONDON (Alliance News) - Northcote Energy Ltd on Wednesday said it has sold its entire stake in AIM-listed investment vehicle CEB Resources PLC, which is focused on the Indonesian oil and gas sector.
Northcote said it retains a right to participate in up to 12.5% of CEB's stake in any concession or oil and gas transactions it undertakes in Indonesia for a period of five years.
Shares in Northcote were up 4.1% to 0.1718 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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