3Legs sells Baltic concessions

Oil and gas exploration firm 3Legs Resources has completed the sale of its three eastern Baltic Basin licenses to a Stena AB capital group company for €500,000, the company said in a statement on Wednesday. In the course of the deal, 3Legs transferred its entire stake in Polish subsidiary Lane Energy Exploration. The three concessions measure some 2,338 square kilometers in total. 3Legs has decided to prioritize its western Baltic Basin licenses and no operations were carried out on the eastern concessions since 2013.