StockMarketWire.com - Oil company United Oil & Gas said it had agreed to sell an Italian assets to Prospex Energy for €2.17 million.

United said the sale was part of an ongoing optimisation of its portfolio and capital allocation strategy.

The sale consideration was at a modest premium to the total assets held by UOG Italia at 31 December 2020 and removed any further development expenditure associated with the Selva project.




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