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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Woburn Energy | LSE:WBN | London | Ordinary Share | GB00B1YW2916 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWBN
RNS Number : 3512C
Woburn Energy PLC
15 April 2013
For immediate release
15 April 2013
Woburn Energy Plc
("Woburn" or the "Company")
Corporate update
On 22 August 2012 Woburn announced the consideration payment dates in respect of the disposal by Woburn's 51 per cent. owned subsidiary, LQRC, of its 50 per cent. working interest in the Las Quinchas Association Contract. The first and second instalments have been received. Woburn has been informed that the third instalment, which in aggregate amounts to US$6,889,600, will now be paid by the purchaser on 15 April 2013 and Woburn is expected to receive its net share of US$3,518,796 seven business days later on 24 April 2013. The Company will make a further announcement to confirm when this third instalment has been received.
In the meantime, the Company continues to review potential investment opportunities.
For further information, please contact:
Woburn Energy Plc Tel: +44 (0) 20 7380 4600 Kamran Ahmed www.woburnenergy.com Beaumont Cornish Limited (Nominated Tel: +44 (0)20 Adviser) 7628 3396 Michael Cornish
Definitions
"Assignment Agreement" The conditional assignment agreement executed 31 May 2012 and entered into between LQRC and the purchaser "Las Quinchas The association contract between Association Contract" Empresa Colombiana De Petroleos (Ecopetrol) and Clavijo Avila Geopozos & Company S.A. dated 29 January 1996 (as amended) "LQRC" Las Quinchas Resource Corporation
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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