BRIEF-Eden Energy terminates conditional agreement with Shale Energy to sell its UK gas portfolio

Tue, 25 Mar - 8:32am

March 25 (Reuters) - Eden Energy Ltd EDE.AX :

* Says terminated its conditional agreement with shale energy plc to sell its UK gas portfolio

* Says termination due to the failure of Shale Energy to complete a capital raising of 7 million pounds

* Says entered into a conditional heads of terms with its existing UK gas and petroleum joint venture partners

* Says will transfer its wholly owned UK subsidiary, Adamo Energy to UK Onshore Gas

Source text for Eikon News Search ID:nASX6CGP2N

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URN: 
urn:newsml:reuters.com:20140324:nWNBS00DX3:7
Topics: 
OILG GB AU EUROP CMPNY ENR BLR ASIA DEAL1 LEN RTRS MRG BACT WEU EUROPE EXPL ENER

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