Egdon acquires interests in UK petroleum licences

Hampshire-based oil and gas exploration company Egdon Resources is to acquire 50 per cent of two onshore UK petroleum exploration and development licences (PEDLs) from Oslo-based Valhalla Oil and Gas.
In turn it will pay Valhalla part of the profit from any revenues, after costs. The value of the deal was not disclosed.
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Source: Insider Media Limited