Energean Oil & Gas says that on 18 September, the Greek Parliament ratified its Licence Agreements for hydrocarbon exploration and exploitation at the Ioannina and Katakolon blocks, Western Greece.
Energean holds an 80% interest in the Ioannina onshore block, while Canadian Petra Petroleum holds the remaining 20%. Energean will act as Operator.
Energean holds a 60% interest in the Katakolon offshore block, while British Trajan Oil & Gas holds the remaining 40%. Energean will act as Operator.