UK – East Irish Sea
The completion of the acquisition of the P2446 licence is subject to the following conditions precedent by 31 December 2020: a) the UK Oil and Gas Authority (“OGA”) approving the assignment and transfer of the P2446 licence from Burgate to Oilex; b) the execution of applicable documents necessary to transfer the P2446 licence to Oilex; c) execution of a royalty agreement in a form acceptable to the parties; and d) the issue of the share consideration for the acquisition of Doyle-Peel receiving shareholder approval under Listing Rule 7.1.
http://www.oilex.com.au/australia-and-ukcs/
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