Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether a guarantor or bond has been offered by or sought from York Energy (UK) Holdings or Alpha Energy (UK) or its investors to underwrite the proposed transfer of petroleum assets to the newly incorporated limited company York Energy (UK) Holdings Ltd.

The potential sale of Third Energy to York Energy (UK) Holdings Ltd is a commercial agreement between the relevant parties. Therefore, it would not be appropriate for Government to comment.