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ADIRA ENERGY LTD V.ADL

"Adira Energy Ltd is engaged in the energy sector. It is an oil and gas exploration company focused on early-stage exploration. The company has an option to hold interests in approximately two licenses, such as the Myra License and the Sara License. The Company does not have any oil and gas reserves and does not produce any oil or gas. The Company held interests in approximately two Israeli offshore petroleum licenses, including the Gabriella License No. 378 and the Yitzhak License No. 380."


TSXV:ADL - Post by User

Post by tooez1on Jan 08, 2015 9:38am
181 Views
Post# 23297474

ADL seemingly has an option on Geo's 5%....

ADL seemingly has an option on Geo's 5%.... Perhaps explains why it is difficult to buy many at the increasingly higher ASK.... .................................................................................................................... 2015-01-06 17:13 ET - News Release SCOTTSDALE, AZ -- (Marketwired) -- 01/06/15 GeoGlobal Resources, Inc. (OTC PINK: GGLR) is pleased to advise that despite ongoing difficulties, the Company has been making substantial progress as it recovers from its state of near collapse some eight months ago. Over this period the key achievements include: •....... •We have settled issues and debt with the Myra and Sara JV Block partners, where Ratio and Energean have become partners to re-drill and operate the Sara Prospect at a cost of about US$80 million. Currently, GeoGlobal retains a 5% interest.
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