Scandoil  

Cossack Energy provides update on farmout talks


Published Nov 28, 2013
[an error occurred while processing this directive]

Edit page New page Hide edit links

Cossack Energy Limited

Cossack Energy Limited has been approached by multiple third parties that have shown interest in farming into its 100% owned Limnytska Licence in the Ukraine. Because Cossack owns 100% of the Limnytska Licence the Company is able to farm out its work commitments while still retaining a significant free carried interest. While these farm-out discussions continue the company is also conducting due diligence on several additional value accretive licence acquisition opportunities in the region to add to its oil and gas licence portfolio.

As part of its previously announced work program on the Limnytska Licence Cossack has signed a contract with Ukregeophizyka, a locally based and highly experienced seismic contractor (“Contractor”) to acquire and process approximately 130 km of 2D seismic over its Licence. The program will commence almost immediately as the Contractor has already arranged the necessary land access and government and local shire approvals.

Tags: Cossack Energy Limited




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml