Posted on: June 8, 2020

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Gneiss Energy is pleased to announce that we have successfully advised Humber Oil & Gas Limited on the sale of their interest in the Wressle development project onshore UK to Union Jack Oil plc.

Gneiss advised Humber on the negotiation and structuring of the transaction with Union Jack. This is the second deal that we have announced for Humber in quick succession during this unprecedented period of market turmoil, following the announcement on 26 May of the sale of Humber’s interest in the West Newton development project onshore UK to Reabold Resources plc.

Our flexible model and holistic support offering, covering financial, commercial, operational and technical advisory services, allows us to continue supporting our clients effectively and provides us with the ability to execute deals quickly in this environment.

Our Oil & Gas team is delighted to have announced its 4th transaction in 2020, despite the ongoing volatility in the market and practical challenges imposed by travel and social distancing restrictions.

For the official press release, click here.

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