- UK Oil & Gas said it had completed the previously announced acquisition of the interests of both Europa Oil & Gas and Union Jack Oil in a UK exploration licence.

The acquisition of their respective 20% and 7.5% interests meant UKOG now held a majority operated 67.5% interest in the PEDL143 licence.

The total considerations of £300k and £112k to Europa and Union Jack, respectively, would be satisfied through the issue of new UKOG shares.

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