AJL aj lucas group limited
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News: AJL AJ Lucas Says Spirit North Sea Gas To Exit UK Bowland Shale Exploration Licence

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    03/07/20
    11:25
    Post #: 45621636

    July 3 (Reuters) - AJ Lucas Group Ltd (AJL) :

    • GOT NOTICE FROM SPIRIT NORTH SEA GAS THAT IT INTENDS TO EXIT UK BOWLAND SHALE EXPLORATION LICENCE
    • GOT NOTICE THAT SPIRIT INTENDS TO TRANSFER ITS 25% STAKE BACK TO LUCAS FOR NOMINAL SUM
    • LICENCE TRANSFER SUBJECT TO NUMBER OF PRE-COMPLETION CONDITIONS& NOT EXPECTED TO COMPLETE UNTIL FINAL QUARTER OF 2020
    • TRANSFER IS NOT EXPECTED TO COMPLETE UNTIL FINAL QUARTER OF 2020
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