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
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