CLNR has announced some encouraging news concerning farm-out negotiations for its 100% owned licences P2252 and P2248 in the SNS (Southern North Sea) Gas Basin. An exclusivity agreement has been signed with a ‘major international oil and gas company’ in the case of P2252 while for P2248 non-exclusive negotiations with a ‘preferred bidder’ are at an advanced stage. Significantly, progress on negotiations has been sufficient for the OGA (Oil and Gas Authority), the UK regulatory body, to condition ....
30 Nov 2018
Farm out negotiations at an advanced stage
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Farm out negotiations at an advanced stage
Deltic Energy Plc (DELT:LON) | 33.2 0.6 5.6% | Mkt Cap: 31.0m
- Published:
30 Nov 2018 -
Author:
Peter J Dupont -
Pages:
3
CLNR has announced some encouraging news concerning farm-out negotiations for its 100% owned licences P2252 and P2248 in the SNS (Southern North Sea) Gas Basin. An exclusivity agreement has been signed with a ‘major international oil and gas company’ in the case of P2252 while for P2248 non-exclusive negotiations with a ‘preferred bidder’ are at an advanced stage. Significantly, progress on negotiations has been sufficient for the OGA (Oil and Gas Authority), the UK regulatory body, to condition ....