Mediterranean Oil & Gas sells stake in Phoenicia Energy

AIM-listed Mediterranean Oil & Gas (MOG) has sold its 75 per cent stake in its wholly owned subsidiary Phoenicia Energy Company (PECL) to Genel Energy.

AIM-listed Mediterranean Oil & Gas (MOG) has sold its 75 per cent stake in its wholly owned subsidiary Phoenicia Energy Company (PECL) to Genel Energy.

PECL owns the rights to exploration activity in Malta Offshore Area 4.

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