FEL 1-13 has a 15 year term, with an initial three-year term followed by three four-year terms. At least three months before the end of the initial term a work programme for the second term must be proposed. That programme must include the drilling of an exploration well. At the end of the initial three-year term (July 4, 2016), 25% of the acreage must be relinquished.
Looks like the sign is still up but the board are looking for opportunities also (if we can believe that) Would be nice if Kosmos took us out - for the right price!!
Into the blue
Nice to see a bit of blue in here,
Antrim Energy Interim Financial Report - Second Quarter 2015 CALGARY, ALBERTA--(Marketwired - Aug. 27, 2015) - Antrim Energy Inc. (TSX VENTURE:AEN)(AIM:AEY) - Highlights -- Commencement of four well abandonment program in United Kingdom Central North Sea -- Significant cost reduction expected from summer 2015 abandonment program -- Continue to evaluate new opportunities for transformative upside potential -- Strong financial position including cash at June 30, 2015 of US $13.5 million -- Large reduction in ongoing G&A costs MANAGEMENT'S DISCUSSION AND ANALYSIS This management's discussion and analysis ("MD&A") provides a detailed explanation of Antrim Energy Inc.'s (the "Company" or "Antrim") operating results for the three and six months ended June 30, 2015 compared to the same periods ended June 30, 2014 and should be read in conjunction with the audited consolidated financial statements of Antrim for the year ended December 31, 2014. This MD&A has been prepared using information available up to August 25, 2015. The interim consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards ("IFRS"). Unless otherwise noted all amounts are reported in United States ("US") dollars.
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