Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/independent-oil-and-gas-gets-extension-of-cronx-li.shtmlIndependent Oil and Gas gets extension of Cronx licence
Independent Oil and Gas reports that the Oil and Gas Authority has extended the Cronx licence by one year to 9 January 2017. IOG has also agreed to extend the Sale and
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Independent Oil and Gas reports that the Oil and Gas Authority has extended the Cronx licence by one year to 9 January 2017. IOG has also agreed to extend the Sale and Purchase agreement with Swift Exploration by 9 months to 30 September 2016.
The Cronx licence has a firm commitment to drill a well and so IOG would take on that obligation at completion. IOG remains keen to complete the Cronx acquisition when circumstances allow.
IOG believes a commercial development well can be drilled and would most likely be tied back to the Blythe development in due course.
