Brief: Francaise De L'energie Obtains Extension Of Its Désirée Concession On Eastern Part Of Mining Basin Of Hauts De France

La Francaise de l Energie SA

05/01/2021 17:06

Jan 5 (Reuters) - La Francaise de l Energie SA  LFDE.PA :
    * HAS JUST OBTAINED FROM FRENCH STATE EXTENSION OF ITS
DÉSIRÉE
CONCESSION ON EASTERN PART OF MINING BASIN OF HAUTS DE FRANCE.
    * PERIMETER OF CONCESSION, OWNED BY GAZONOR, A WHOLLY OWNED
SUBSIDIARY, WAS EXTENDED TO REACH 266.88 KILOMETERS SQUARE KMS
    * EXTENSION OF CONCESSION IS GRANTED FOR DURATION OF ITS
VALIDITY,
I.E. UNTIL 23 DECEMBER 2042
    * LA FRANCAISE DE L'ENERGIE THEREFORE NOW HOLDS ALL
EXCLUSIVE
RIGHTS FOR DEVELOPMENT OF ABANDONED MINE METHANE IN HAUTS DE
FRANCE REGION
    * LFDE WILL THEREFORE FOCUS ON CERTIFYING THESE GAS VOLUMES
WITH
NEXT CERTIFICATION OF RESERVES EXPECTED FOR H1 2021

Source text for Eikon:  ID:nBwGHHG5a 
Further company coverage:  LFDE.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))