Posted on: May 26, 2020

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Gneiss Energy is pleased to announce we have successfully advised Humber Oil & Gas on the sale of their interest in the West Newton discovery onshore UK to Reabold Resources plc for £3.5 million.

Gneiss advised Humber in turbulent markets on the negotiation and structuring of the transaction, following a competitive process, which resulted in Reabold selected as the preferred bidder. Throughout the process, we guided Humber through various financial, commercial, operational and technical matters relating to the asset and the transaction.

Our Oil & Gas team is delighted to have closed its 3rd transaction in 2020 despite volatile market conditions and an inability to carry out face-to-face meetings.

For the official press release, click here.

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