Independent Resources update on Ksar Hadada licence

 Independent Resources is waiting to hear a date when Tunisia’s Consultative Commission on Hydrocarbons will meet to hear an application for the company to be operator of the Ksar Hadada licence.

Tunisia’s national oil company, Entreprise Tunisienne d’Activités Pétrolières made an application on 19 February to Tunisia’s Ministry of Industry, Energy and Mines 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, which formally recommends approval to the minister. The company says it 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. At 3:00pm: [LON:IRG] Independent Resources PLC share price was +0.13p at 5.25p

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15 April 2014 | 15:00pm –

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