Nordic Energy to acquire British onshore oil firm


Nordic Energy (ISDX:NORP) has struck a deal to acquire an undisclosed onshore UK oil company with production assets.

The non-binding agreement, entered into on March 27, allows an exclusive period of due diligence.

It is currently anticipated that contracts may be exchanged before May 31.

The company said it would update investors further once it has completed its due diligence.

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