ENEGI Oil has farmed out a stake in another of its licences to Bermuda-backed investors in a deal that underlines overseas interest in the UK North Sea.
Aim-listed Enegi, which hopes to develop onshore shale gas sites in Ireland, has agreed to farm out a 50% stake in part of a block in the central North Sea to Azimuth Limited.
The deal was announced two weeks after Enegi said it was farming out a stake in part of a block east of Shetland to Azimuth, backed by the Seacrest Capital investment business.
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