Brief: EPI (Holdings) Ltd Updates On Group's Petroleum Operations In Argentina

EPI (Holdings)

18/06/2019 13:29

June 18 (Reuters) - EPI (Holdings) Ltd  0689.HK :
    * UPDATES ON DEVELOPMENT ON GROUP'S PETROLEUM EXPLORATION
AND
PRODUCTION BUSINESS IN CHAÑARES HERRADOS AREA IN ARGENTINA
    * EXECUTIVE OF PROVINCE OF MENDOZA HAS ISSUED DECREE IN
RESPECT OF
TERMINATION OF CHAÑARES HERRADOS AREA (CHE) CONCESSION
    * DECREE HAS NOT STATED AN EFFECTIVE DATE OF TERMINATION OF
CHE
EXTENSION
    * TERMINATION OF CHE EXTENSION UNDER DECREE HAS NO IMMEDIATE
IMPACT ON CO'S OPERATIONS, UNTIL THERE IS A SUCCESSFUL BIDDER
AFTER BIDDING
    * LOCAL LEGAL ADVISER INTERPRETS DECREE THAT CONCESSIONAIRE
IS
ALLOWED TO CONTINUE OPERATING OILFIELD TIL NEW CONCESSIONAIRE
TAKES OVER

Source text for Eikon:  ID:nHKS3VKBl9 
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