GREY:ENGFF - Post by User
Comment by
Columbus1494on Sep 22, 2015 2:21pm
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Post# 24125830
RE:President Kabila signes new hydrocarbon law
RE:President Kabila signes new hydrocarbon lawhttps://af.reuters.com/article/drcNews/idAFL5N11J0NU20150914
According to the law Cohydro will have a 20% interest in all blocks.They now have a 10% carried interest in Lotshi.
Earlier there were some news that said that all companies that were operators before the new law was adopted automatically
would recieve extensions of their licenses.Maybe thats why Energulf now says their oil prospects are in good standing.
According to the new law there is an initial three year work period that can be extended 2 times for two years.