EnCore Oil plc has agreed to and completed the sale of its wholly owned subsidiary EnCore Oil Nederland B.V., whose only asset is a 10% interest in the Amstel field offshore Netherlands for consideration of US $5.5 million, paid in cash.
The 10% interest in the Amstel field is encumbered by royalties payable to the previous operator and to others. The purchaser is TAQA Energy B.V.
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