Ukraine licence3 Dec 2025 08:10
“Following the announced signing of Heads of Terms on 15th October by the Company to acquire 100% of the Limnytskyi license, held through a Polish Holding Company, the Company intends to undertake re-analysis of the available seismic data and complete the required pre-operational environmental and drilling permitting requirements, road repairs and pad construction, to enable the re-entry of a historic well by drilling a side-track, to approximately 3,000m. The proximity of this well to an untested fault block, identified by newer 2D seismic lines, may require an additional sidetrack to test the presence of hydrocarbons and to further evaluate the licence's prospectivity”.
There you go for those asking for more details on the licence