Investor Update: United Oil & Gas reveals US$16mln deal with Rockhopper Exploration

Top stories from the Proactive Investors UK newsroom.

Rockhopper Exploration has agreed to sell its Egyptian assets to United Oil and Gas (LON:UOG) for US$16mln. The key asset changing hands is a 22% working interest in the Abu Sennan concession. United says it will fund the deal through a share issue.

Seeing Machines’ (LON:SEE) driver safety monitoring platform has been selected to go into more models by a top but unnamed German car maker. The equipment will have variants consistent with the incoming European New Car Assessment Programme protocols.

Online gaming platform Nektan (LON:NKTN) is to enter the African market through a tie-up with Betika and BetLion, two of the continent’s leading online bookmakers.

Poor British weather has taken the fizz of out sales of Fevertree tonics. Revenue rose 13% to £117mln in its latest full year but were held back by the UK which only saw a 5% increase.

Lloyds Bank is to pay Standard Life Aberdeen £140mn to settle their dispute over a £100bn fund management contract.  A tribunal told the bank in March it could not end the contract, which will now stay with the fund manager for a further three years. 


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on 28/2/19

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