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Regency completes partial sale of UK oil and exploration project

Aim-listed Regency Mines has completed the sale of a 1.9% interest in Horse Hill Developments (HHDL), the special purpose vehicle owning an oil and gas licences in southern England.

Regency sold the 19 shares in HHDL to UK Oil and Gas Investments (UKOG) for £323 000 in cash and shares. UKOG now holds 49.9% of HHDL.