Share Talk Ltd

After Friday company announcement of the BritNRG Limited (“BritNRG”) Oil and Gas acquisition. We took the opportunity to talk with Pierpaolo Rocco, Executive Director. MetalNRG plc (LON:MNRG), the natural resource investing and exploration company, announces that it has received confirmation from the Oil & Gas Authority (“OGA”) that it does not oppose the change of control of Sunswept Enterprise Limited and associated subsidiaries to BritNRG Limited (“BritNRG”), the special purpose vehicle created for the acquisition. As a result, BritNRG has now completed the transaction as announced on 9th October 2020 and has acquired 100% of Sunswept Enterprises Limited and related assets. Following the completion of the acquisition and at current modest production levels, Sunswept is expected to be net cashflow positive at Brent prices sub $40/bbl, which is significantly below the current Brent price. A reduction of the breakeven oil price reference is expected as production levels are restored by bringing t