Enegi Oil has been granted a 5 year renewal over an area, in Production Lease 2002-01 ('PL2002-01'), that incorporates the producing PAP#1 ST#3 well and the surrounding area.
This award follows extensive discussions between the Department of Natural Resources ('DNR') of the Provincial Government of Newfoundland and Labrador and the Company regarding a renewal to PL2002-01 which, under the terms of the lease, expired on 12 August 2012.
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