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3Legs Resources provides corporate update


Published Jan 23, 2014
3Legs Resources

3Legs Resources plc, an independent oil and gas group focusing on the exploration and development of unconventional oil and gas resources, announces the following corporate update.

Highlights:

Sale of German concessions ◾ Completed an agreement with Rose Petroleum plc for the sale of our 100% interest in our two German concessions, in exchange for a 2% royalty and a contribution of €400,000 towards back costs. ◾ The two licences were renewed for terms of two years each on 20 December 2013.

Lublewo LEP-1 vertical well ◾ Drilling of this well has reached a total depth of 2,924 metres in the Cambrian horizon; some 141 metres of full-diameter core have been recovered from the well and a comprehensive set of logs has been run.

Tags: 3Legs Resources




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