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15 Apr 2014 14:50
15 April 2014
Independent Resources plc
("Independent Resources" or the "Company")
Tunisia - Update re Ksar Hadada licence
As previously announced, Tunisia's national oil company, Entreprise Tunisienne d'Activités Pétrolières (ETAP) made an application on 19 February 2014 to Tunisia's Ministry of Industry, Energy and Mines (through its permitting authority Direction Générale de l'Energie ("DGE")) with the support of the Company for Independent Resources to be the Operator of the Ksar Hadada licence with an interest of 86.345% of the Production Sharing Contract for the extension period of two years.
The final step before the formal gazetting of the approval is the meeting of the Consultative Commission on Hydrocarbons of Tunisia ("CCH") which formally recommends approval to the Minister.
The Company is waiting to be notified of the date of the CCH meeting having complied with all of the required obligations in relation to the application. A further announcement will be made once the Company receives a determination from the CCH.
For further information, please visit www.ir-plc.com or contact: | ||
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Greg Coleman | Independent Resources plc | 020 3367 1134 |
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Phil Davies | Charles Stanley Securities (Nominated Adviser) | 020 7149 6942 |
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Simon Hudson | Tavistock Communications | 020 7920 3150 |
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