Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Request for SC72 Extension

17th Jan 2013 09:13

RNS Number : 7684V
Forum Energy Plc
17 January 2013
 

FORUM ENERGY PLC

 

("Forum Energy" or the "Company")

 

Request for SC72 Extension

 

 

 

Forum Energy, the UK incorporated oil and gas exploration and production company with a focus on the Philippines, notes press reports in the Philippines today concerning Service Contract 72 ("SC72") and confirms the Company has requested an extension to the second-sub phase of the Service Contract 72 contract from the Philippine Department of Energy ("DOE")

 

Drilling work had been scheduled to be concluded at SC72 within the second Sub-Phase of the Service Contract on or before 14 August 2013, however the requisite approvals from the DOE to conduct the proposed work programme (comprising of a geotechnical survey and the drilling of two appraisal wells) have to-date not been received. In addition the Company is currently awaiting approval on the extension request.

 

Further updates will be made as appropriate.

 

For further information please contact:

 

Forum Energy Plc

Andrew Mullins, Tel: +44 (0) 1932 445 344

Executive Director & Company Secretary

 

Execution Noble & Company Ltd (Nominated Adviser & Broker)

Harry Stockdale, Tel: +44 (0) 207 456 9191

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCNKODDCBKKDDD

Related Shares:

Lfeaccetfusd
FTSE 100 Latest
Value8,809.74
Change53.53