Valiant Petroleum, the operator of the Tybalt appraisal well in the North Sea, has signed a 'farm-out' agreement with its current partner in the project, Agora Oil.
The move will see Agora increase its stakeholding to 40%, in return for a partial cost carry. Valiant will remain operator with a 60% interest.
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RICS: homebuyers are returning after stamp duty shockThe housing market has been subdued since stamp duty thresholds dropped in April, but there are signs of a recovery
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Reducing cash ISA limit will make lending difficult and expensive, warn providersAn open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan
