Oilex Ltd Enters Into An Exclusivity Agreement With Koru Energy Ltd

  • Sep 16, 2019 BST
  • Team Kalkine

Oilex Ltd (AIM: OEX), has entered into an exclusivity agreement with Koru Energy Ltd, a subsidiary of Koru Energy Limited. The exclusivity agreement is for a potential acquisition of up to a 50% relevant interest in the Knox and Lowry, and Whitbeck gas discoveries in the East Irish Sea, offshore the United Kingdom, and is for cash consideration of £500,000.

On 16th September 2019, at the time of writing, GMT 08:08 AM, OEX shares were trading at GBX 0.20, up by 0.03 points or 17.14% against the previous day closing price.

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