Egdon Resources has acquired Aberdeen based onshore oil firm Aurora Production.
Despite having no assets in Scotland, Aurora is “is a UK petroleum exploration and development company based in Europe’s energy capital Aberdeen,” according to its website.
Aurora’s parent – Aurora Production Limited – has paid Egdon £288,000 as part of the deal, on the assumption it will take on all of Aurora’s abandonment liabilities.
Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.