Our team: Paul Airley
Fladgate LLP advised Angus Energy Holdings UK Limited, a UK onshore oil and gas development and production company, on the sale of its remaining interests in Weald Basin licences PEDL137 and PEDL246 to AIM-listed UK Oil & Gas Investments PLC. These licence areas contain the high profile Horse Hill-1 oil discoveries north of Gatwick Airport.
UK Oil & Gas acquired Angus Energy’s 7.8% beneficial interest in the licences via the purchase of Angus Energy’s remaining 12% shareholding in Horse Hill Developments Limited for an aggregate consideration of £1.8m, comprising £1m in cash and £0.8m in UK Oil & Gas shares. £200,000 of the cash element was paid by Angus Energy to the licence operator to reconcile cash calls for flow test operations on the HH-1 well.
The Fladgate team was led by corporate partner Paul Airley, assisted by corporate associate Victoria Miller.
We operate in small teams in which partners not only take the lead but also do a significant amount of the detailed work. Clients can be assured that the partners they engage and brief will remain closely involved in developing and delivering the advice as part of our close-knit, expert teams.
Fladgate has a long heritage of delivering high-quality legal advice. We have been providing practical legal solutions to businesses and private clients for over 250 years. Today we are one of the UK’s top 100 law firms, with over 80 partners and a reputation for providing solutions that work.
T: +44 (0)20 3036 7000
F: +44 (0)20 3036 7600
DX: 37971 Kingsway
The legal content provided by Fladgate LLP is for information purposes only and should not be relied on in any specific case without legal or other professional advice.
Copyright is owned by Fladgate LLP and all rights in such copyright are reserved. Material is not to be reproduced in whole or in part without prior written consent.
Fladgate LLP is a limited liability partnership, registered in England and Wales with registered number OC334334. It is authorised and regulated by the Solicitors Regulation Authority, number 484783. The term partner is used to refer to a member of Fladgate LLP. A list of members is available at the registered office shown above.