PA Resources opts out of Dutch North Sea licenses

Offshore staff

STOCKHOLM, SwedenPA Resources has agreed to sell its 30% interest in Dutch North Sea blocks Q7 and Q10a to Tulip Oil, subject to regulatory approval.

Tulip will pay a consideration of £1 million ($1.6 million) on completion of the transaction, with a further payment contingent on certain milestones being met.

11/10/2014

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