Coro Energy Plc releases update on an acquisition

  • Dec 03, 2019 GMT
  • Team Kalkine
  • The company had announced on 28 July 2019 that it had negotiated terms for a 42.5% interest in the Bulu production contract located in offshore East Java in Indonesia.
  • The company now updates that the concerned parties continue to progress the transfer of the participating interest in the Bulu production sharing contract.
  • The parties are currently negotiating a further 6-month extension to the Long Stop Date to accommodate time required for approvals to take place.

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