ENERGEAN PLC Energean Oil & Gas plc
("Energean" or the "Company")
Update on Onward Sale of Edison E&P's UK and Norway Subsidiaries
to Neptune Energy
London, 19 May 2020 - Energean Oil and Gas plc (LSE: ENOG, TASE: גאנא), the oil and gas producer focused on the Mediterranean, announces that it has agreed with Neptune Energy to terminate the agreement for Neptune Energy to acquire Edison E&P's UK and Norwegian subsidiaries from Energean. The acquisition had been contingent on the closing of Energean's acquisition of Edison E&P. Neptune Energy will pay a $5 million termination fee to Energean.
Energean remains committed to its acquisition of Edison E&P, and is working to complete the transaction as soon as possible.
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Energean Oil & Gas plc published this content on 19 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2020 08:42:03 UTC
