Brief: Petronor E&P Updates On The A4 License In Gambia

Petronor E&P ASA

15/05/2024 06:36

May 15 (Reuters) - Petronor E&P ASA  PNOR.OL :
    * UPDATE ON THE A4 LICENSE IN THE GAMBIA
    * IT HAS AGREED WITH GOVERNMENT OF GAMBIA TO EXTEND FIRST
PHASE OF
INITIAL EXPLORATION PERIOD FROM 18 MONTHS TO 36 MONTHS
    * AT END OF EXTENDED PERIOD BY 13 NOVEMBER 2025, CO WILL
HAVE
OPTION TO CONTINUE INTO SECOND PHASE OF INITIAL EXPLORATION
PERIOD
    * SECOND PHASE OF INITIAL EXPLORATION PERIOD WITH A
COMMITMENT TO
DRILL AN EXPLORATION WELL OR EXIT AGREEMENT

Source text for Eikon:  ID:nObi8BmyNa 
Further company coverage:  PNOR.OL 

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