| Independent Resources wants change to Tunisia licence | |
| | |
|
The application, made by minority partner ETAP, is expected to be heard by the appropriate body later this quarter
Independent Resources plc (LON:IRG) has applied for a one year extension to the Ksar Hadada permit in Tunisia.
The application, made by local minority partner ETAP, is expected to be heard by the appropriate body later this quarter and if successful the extension will run until 7 August 2017.
IRG wants the obligations under the permit changed slightly to up to 300 sq km of 3D seismic and the drilling of two new exploratory wells instead a new exploration well and one re-entry.
This will enable it to explore the Acacus play highlighted by a RSDD-H survey carried out in 2015.
Greg Coleman, chief executive, said: 'We have been engaged in ongoing discussions with ETAP in order to prepare our application for the extension and to advance our scope to target the exploration potential we see in the Acacus.
'We believe the proposed work programme offers greater potential to complete a successful exploration programme on the permit and look forward to receiving CCH approval in order to progress discussions with potential farm-in partners.'
|
|
|
Independent Resources Plc
|
|
|
|
CODE : IRG.L |
|
ISIN : GB00B0RNX796 |
|
|
| |
ProfileMarket
IndicatorsVALUE :
Projects & res.Press
releasesAnnual
reportRISK :
Asset profileContact Cpy |
Independent Res. is based in United kingdom. Independent Res. is listed in United Kingdom. Its market capitalisation is GBX 184.9 millions as of today (US$ 221.3 millions, € 193.9 millions). Its stock quote reached its highest recent level on May 29, 2009 at GBX 97.50, and its lowest recent point on May 20, 2016 at GBX 0.04. Independent Res. has 402 003 697 shares outstanding. |