Trapoil buys Summit's Orchid share

UK-listed Trapoil has confirmed it has entered into a definitive sale and purchase agreement to acquire an additional 45% interest in Block 29/1c, containing the Orchid oil discovery in the UK Central North Sea.

Orchid: Trapoil has entered a sales and purchase agreement to acquire all of Summit Petroleum's 45% stake in the Ochid oil discovery in the UK North Sea
Orchid: Trapoil has entered a sales and purchase agreement to acquire all of Summit Petroleum's 45% stake in the Ochid oil discovery in the UK North Sea
Published 12 March 2013, 08:11Updated 11 October 2016, 14:44
Europe