Ashurst advises Rockhopper on the sale of Rockhopper Egypt Pty Limited to United Oil and Gas plc

The company being sold is an oil and gas company incorporated in Australia which owns a 22% working interest in the Abu Sennan concession in Egypt. For the year to 31 December 2018, Abu Sennan produced approximately 813 barrels of oil equivalent per day net to Rockhopper’s 22% working interest.

The transaction is subject to satisfaction of customary conditions precedent including United shareholder approval, completion of the readmission of United to trading on AIM and receipt of Egyptian government approvals.

Corporate partner Nick Williamson is leading the Ashurst team, which also includes senior associate Grace Rackham and associates Lester Lim Kok and Kiara De Silva. Partner Nicholas Gardner and associate Martin Voelker advised on tax matters. Partner Murray Wheater and associate Jodi Ofchinsky advised on Australian corporate matters.