10th Sep 2013 12:38
LONDON (Alliance News) - Leni Gas and Oil PLC Tuesday said it has agreed to extend the deadline to complete a transaction with Maxim Resources Inc. to form a joint venture.
The oil and gas exploration and development company, which has assets in Spain and Trinidad, said that due diligence will now be completed in the next few weeks and a planned deadline will be announced by the end of September.
The company announced a first extension of the deadline on August 13 in order to complete the due diligence process but has had to hold this back.
Leni Gas and Oil shares were down 0.023 pence, or 2.34% to 0.962 pence Tuesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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