Dec 23 (Reuters) - Cott Oil and Gas Ltd CMT.AX :
* Sale of Pandora Gas Field interest CMT.AX
* Says entered into a fullform, binding sale and purchase agreement (spa) with Twinza Oil (Pda) Ltd
* Says under the spa the buyer is to pay a total consideration of A$8M cash
* Says Cott expects to retain the net proceeds from the disposal of approximately $4.3 million
* Board intends to commence the process of evaluating new business opportunities following completion of this transaction
* Source text for Eikon ID:nASX2zmkBX