Empyrean Energy PLC Duyung PSC Update, Indonesia (6868N)
2020年5月22日 - 3:00PM
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RNS Number : 6868N
Empyrean Energy PLC
22 May 2020
This announcement contains inside information
Empyrean Energy Plc / Index: AIM / Epic: EME / Sector: Oil &
Gas
Empyrean Energy plc
Duyung PSC Update, Indonesia
22 May 2020
Empyrean Energy plc ("Empyrean or Company"), the oil and gas
development company with interests in China, Indonesia and the
United States, advises that all necessary Indonesian regulatory
approvals for the transfer of title of the 15% direct interest in
the Duyung PSC to Coro Energy Plc ("Coro") have now been received.
Accordingly, final completion of the acquisition of the PSC
Interest from West Natuna Exploration Ltd has occurred.
The license holders of the Duyung PSC are now Conrad Petroleum
Ltd (76.5% operated interest), Coro (15% non-operated interest) and
Empyrean Energy plc (8.5% non-operated interest).
Empyrean looks forward to the publication of the revised
independent reserve audit report from Gaffney Cline &
Associates following the successful appraisal drilling campaign in
the fourth quarter of 2019, which is expected to be announced later
in the month.
For further information please contact the following:
Empyrean Energy plc
Tom Kelly Tel: +61 8 6146 5325
Cenkos Securities plc
Neil McDonald Tel: +44 (0) 131 220 9771
Pete Lynch Tel: +44 (0) 131 220 9772
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END
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