The International Resource Journal: Ugandan government has spoke: Tullow can purchase Heritage Uganda’s assets

Ugandan government has spoke: Tullow can purchase Heritage Uganda’s assets
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Resource News on 07 July, 2010 07:49:00
 
IRJ July 7 - The Government of Uganda has approved the sale of Heritage’s
Ugandan assets to Tullow and the subsequent farmdown to CNOOC and Total
7 July 2010 – Tullow Oil plc (“Tullow”) announces that the
Government of Uganda has approved the sale by Heritage Oil & Gas Limited
(“HOGL”) of its 50% interest in Blocks 1 and 3A in Uganda to
Tullow’s subsidiary, Tullow Uganda Limited (“Tullow Uganda”),
subject to conditions outlined in a Heritage Oil Plc release issued today and
reproduced below. Separately, Tullow Uganda has also received approval from the
Government for its farmdown to CNOOC and Total, subject to certain routine
conditions that Tullow intends to discuss with the Government in due course.
(Company Release)