Pet3 Jun 2016 16:28
David Horgan, Petrel Director, commented, "We are delighted with the award of these Licensing Options, particularly given the strength of competing bids. The quality of our new acreage is shown by the participation of larger companies in the round, and the aggressive work programmes they bid."
"The resounding success of the 2015 Bid Round is a credit to the authorities and to companies involved in marketing the Porcupine Basin's potential - as well as the transformative discoveries in Canada's Flemish Pass, which the industry believes to be a geological twin for the Porcupine Basin."