Celtic sells exploration rights

Exploration firm Celtic Resources has completed an agreement with Victoria Oil & Gas Plc to sell their oil and gas exploration interests in Kazakhstan and the British North Sea.

Celtic sells exploration rights
Mon, 16 Aug, 2004 - 01:00

The value of the consideration for the sale is £2 million (€2.97 million) to be satisfied by the issue of 6.48 million shares in Victoria.

In addition, Victoria has undertaken to arrange for the repayment of the outstanding loan balance of £302,447 (€450, 354).

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CourtsPlace: KazakhstanPlace: British North SeaOrganisation: CelticOrganisation: Celtic ResourcesOrganisation: Victoria Oil & Gas PlcOrganisation: Victoria
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