Summary
RAMCO, the Scottish oil exploration and development firm, yesterday found itself back on an even keel after finally confirming the sale of its interest in the Seven Heads gas field to Marathon International Petroleum Hibernia for GBP 5.7 million.
The cash raised for Ramco's 86.5 per cent stake in the field was sufficient to repay the company's outstanding loans, allowing it to "draw a line in the sand". Its shares surged nearly 14 per cent on the news.See the full content of this document
Extract
Ramco Finally Sells Seven Heads for Gbp 5.7m
It followed the sale of its oil services division for GBP 14.1m...
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