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AOGL Attis Oil And Gas Ltd

0.0255
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Attis Oil And Gas Ltd LSE:AOGL London Ordinary Share VGG0620A1003 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0255 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Attis Oil and Gas Ltd Extension of Memorandum of Understanding (6498S)

07/11/2019 10:34am

UK Regulatory


Attis Oil And Gas (LSE:AOGL)
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TIDMAOGL

RNS Number : 6498S

Attis Oil and Gas Ltd

07 November 2019

Attis Oil & Gas Ltd / Index: AIM / Epic: AOGL/ ISIN: VGG6622A1057 / Sector: Oil and Gas

7 November 2019

Attis Oil & Gas Ltd ('the Company')

Extension of Memorandum of Understanding

Attis Oil and Gas Ltd (AIM: AOGL), the AIM listed oil and gas company, announces that, further to the Memorandum of Understanding ("MOU") announced on 22 October 2019, it has agreed to extend the MOU previously disclosed with an owner and operator of approx. 25,000 leasehold acres in the Texas Panhandle to 1 December 2019. The MOU allows the Company to conduct due diligence over the acreage, determine feasibility, and, if satisfactory, enter into good faith negotiations on structure, and mutually acceptable terms for a transaction, further expanding their joint position in the Red Cave formation.

The Company plans to use its tax efficient corporate structure in the United States and its Red Cave acreage as a platform to build a strategic position through joint ventures with local mineral and working interest owners, operators, and contractors in order to achieve scale in the Red Cave formation in order to provide positive cash flow in the near term.

**ENDS**

For further information visit www.attisog.com or contact the following:

 
 Thom Board        Attis Oil & Gas Ltd            +44 207236 1177 
 Paolo Amoruso     Attis Oil & Gas Ltd           + 1 713 869 1544 
                  ----------------------------  ----------------- 
 Roland Cornish    Beaumont Cornish Ltd          +44 20 7628 3396 
                  ----------------------------  ----------------- 
 James Biddle      Beaumont Cornish Ltd          +44 20 7628 3396 
                  ----------------------------  ----------------- 
 Frank Buhagiar    St Brides Partners Limited    +44 20 7236 1177 
                  ----------------------------  ----------------- 
 Megan Dennison    St Brides Partners Limited    +44 20 7236 1177 
                  ----------------------------  ----------------- 
 Colin Rowbury     Novum Securities Limited      +44 20 7399 9400 
                  ----------------------------  ----------------- 
 

About Us

Attis Oil & Gas Ltd is an AIM-traded (London Stock Exchange) North American-based energy company. It is actively pursuing a primary recovery oil strategy focused on re-stimulating wells within mature producing basins with immediate cash flow from projects that are shallow, low risk with low levels of capex and infrastructure already in place. Attis is also seeking to develop new drill opportunities within both existing & new acreage.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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(END) Dow Jones Newswires

November 07, 2019 05:34 ET (10:34 GMT)

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