NORDIC ENERGY PLC - Signing of Non-binding Heads of Terms
30 März 2015 - 8:00AM
PR Newswire (US)
30 March 2015
Nordic Energy PLC/ Index: ISDX / Epic: NORP / Sector: Oil & Gas
Nordic Energy Plc
("Nordic" or the "Company")
Signing of Non-binding Heads of Terms
Nordic Energy, the oil and gas exploration & production company focused on the
North Sea and northern Europe, is pleased to announce that, on 27 March 2015, it entered into
non-binding heads of terms to acquire the entire issued share capital of an
onshore UK oil production company.
The terms of the agreement are subject to due diligence and the parties to the
transaction anticipate an exchange of contracts before 31 May 2015, during
which time the Company has exclusivity.
Company will update the market further once it has concluded its due diligence.
**ENDS**
For further information please visit www.nordicenergyplc.com or contact:
Enquiries:
Rudolf Kleiber Nordic Energy PLC Tel: +44 20 7283 0179
Patrick Rocholl Nordic Energy PLC Tel: +44 20 7283 0179
Jo Turner Cairn Financial Advisers Tel: +44 20 7148 7900
LLP
Liam Murray Cairn Financial Advisers Tel: +44 20 7148 7900
LLP
Chris Crawford Allenby Capital Tel: +44 20 3328 5656
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