Gran Tierra (GTE) Energy announced that a wholly owned subsidiary has signed an agreement to sell its wholly owned subsidiary, Gran Tierra North Sea Limited, to privately-held NEO Energy for total consideration of $7.5M. Gran Tierra North Sea Limited holds a 100% equity interest in UKCS licence P2358, which includes the Serenity Discovery. The transaction is subject to customary conditions precedent, including consent from the North Sea Transition Authority, and is expected to close in Q3.
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