Stratic Wraps Up Disposal of Breagh Interest to Pay Down Debt

Stratic has completed the disposal of its interest in the UKCS Breagh gas discovery and surrounding exploration acreage. Proceeds of approximately US $65 million were received today and will be used primarily to pay down debt.

Kevin Watts, Chief Executive, commented, "The completion of the disposal of Breagh marks a significant milestone in the re-structuring of the Company’s finances. We are now working towards executing a sale and purchase agreement for the disposal of our interest in Longanesi as
the next stage in that process."
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Senior Land Professional Job
Expertise: Landman|Lease Analyst
Location: Oklahoma City, OK
 
Surface Land Professional Job
Expertise: Landman|Lease Analyst
Location: San Antonio, TX
 
Automation Systems Analyst II
Expertise: Business Development
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours