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Magellan Petroleum Corporation

On August 15th, the company announced that the Company completed the sale of its 50% interests in Petroleum Exploration and Development License 234 in the Weald basin in the U.K. to UK Oil and Gas Investments PLC and settled its litigation with Celtique Energie Weald Limited. On August 11 2016, Magellan Petroleum (UK) Limited (“MPUK”), a wholly owned subsidiary of Magellan, completed the transactions contemplated by i) the Asset Transfer Agreement relating to the sale to UKOG of MPUK’s 50% inter … (See Research Report)
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