New Transfer Arrangements Process Flow Table (PDF)

The Disposing Participant (means a Participant intending to transfer the whole or any part of its interests, rights and obligations under any Petroleum Agreement) submits Execution Documents to LOGIC.

The Execution Deed is to be sent together with certified copies of all Notices of Transfer (including attached Execution Deeds) and all Consents to Transfer acquired from all Remaining Participants together with a request that LOGIC shall execute such Execution Documents.

Remaining Participants are defined in the Master Deed as the Participants to an Affected Petroleum Agreement other than the Disposing Participant, save that such expression may include (as the case may require) a Disposing Participant to the extent of any retained interest and an Acquiring Person to the extent of any pre-existing interest.

The above mentioned documents are to be sent to the LOGIC offices at the following address:

Samantha Reid
LOGIC
3rd Floor
The Exchange 2
62 Market Street
Aberdeen  AB11 5PJ

LOGIC proceeds to execute the Execution Documents and return them to the Disposing Party. The disposing company will pay to LOGIC a fee for the service (please see Frequently Asked Questions for fee calculation guidance).

Within two working days following receipt of a request from a Disposing Participant to execute an Execution Deed LOGIC will execute the Execution Deed and return them to the Disposing Participant

Prior to doing so LOGIC will

LOGIC will make and keep a copy of all the above documents.
Further details on LOGIC procedures can be found under 'Service Agreement'.

The new documentation process is described in Schedule 2 “New Transfer Arrangements” of the Master Deed and subsequent Annexes thereto. You can view a copy of these documents below:

New Transfer Arrangements	17kb
Execution Deed	32kb
Pro-forma Notice of Transfer using the attached Execution Documents	9kb
Pro-forma Consent of Transfer using the attached Execution Documents	10kb