GREY:ENGFF - Post by User
Comment by
wallywillon Jun 28, 2013 12:41pm
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Post# 21579701
RE:New operator for 1711
RE:New operator for 1711We wont have to wait 4 years for the next well Columbus a requirement will be that the next well be drilled in the next 2 years.
The First Renewal Period (2 years) and the Second Renewal Period (2 years) each have a Minimum Exploration Expenditure of US$40,000,000 and
each include the requirement to drill one exploration well to a depth based on the results of the previous wells.
Read more at
https://www.stockhouse.com/news/press-releases/2013/06/28/energulf-granted-15-interest-in-new-petroleum-agreement-for-namibia-block-1711-new-majority-interest-and-operator#QM9I5y2e7azxtwj7.99
Hope this helps
Wally