Common Contracts
1 similar Net Profits Agreement contracts
Whisby – Net Profits Agreement TerminatedNet Profits Agreement • December 17th, 2024
Europa Oil & Gas (Holdings) plc, the AIM quoted UK, West Africa and Ireland focused oil and gas exploration, development and production company, announces that the royalty agreement associated with the Whisby 4 well with BritNRG, the Whisby field operator and licence holder, (the “Agreement”) has been terminated. Recently the Agreement has not generated any income for the Company and further investment is required to potentially return the Agreement to a cash generating arrangement. Given the technical risks associated with any further investment, it was decided that the Company’s capital is better spent on the other assets held by Europa.
