20th Mar 2015 08:02
LONDON (Alliance News) - New World Oil & Gas PLC on Friday said it has reached an agreement with the Danish Energy Agency to extend its existing work programme commitment deadlines for three licences.
The extensions have been granted, for the 1/08, 1/09 and 2/09 licences, in order to allow the company to conduct additional technical work to further de-risk the prospects already identified. New World holds a 25% interest in the licences through its Danish subsidiary.
All three work commitment deadlines have been extended to September 15.
By Sam Unsted; [email protected]; @SamUAtAlliance
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