- Solo Oil said the sale of its 30% interest in a prospect on the Isle of Wight to UK Oil and Gas had been completed following approval from the UK's Oil and Gas Authority.

UK Oil & Gas had consequently acquired the interest for £350k, satisfied through the issuance of around 18m new shares and £90,450 in cash.

The deal was first announced in December.

At 9:07am:

[LON:SOLO] Solo Oil PLC share price was 0p at 1.85p

[LON:UKOG] UK Oil Gas Investments Plc share price was +0.03p at 1.25p

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