9th Jun 2016 08:38
LONDON (Alliance News) - SacOil Holdings Ltd on Thursday said it has secured an eight-month extension to the licence covering the Block 1 onshore asset in north Malawi.
The current licence term has been extended to August 2017.
SacOil, the operator of the licence, is in the process of finalising the environmental and social impact assessments for the project, in addition to the evaluation and processing of gravity and magnetic data.
SacOil shares were untraded on Thursday morning, having last traded at 0.95 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.