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Enegi JV farms into Helvick

By BFN News | 08:16 AM | Wednesday 13 November, 2013


ABT Oil & Gas - Enegi Oil's joint venture with ABTechnology - has entered into an agreement to farm in to the Helvick oil field and Dunmore oil discovery, in the North Celtic Sea Basin offshore Ireland. Under this farm in agreement, Providence Resources, Atlantic Petroleum (Ireland), Sosina Exploration and Lansdowne Celtic Sea have agreed to farm out an aggregate 50% interest in the Discoveries in return for ABTOG completing an agreed work programme. This work programme is designed to prove up the commerciality of the discoveries and advance them to first oil. At 8:16am: (LON:ENEG) Enegi Oil PLC share price was +0.51p at 8.63p (LON:PVR) Providence Resources PLC share price was +1.5p at 293.5p Story provided by StockMarketWire.com

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