GeoGlobal Update on Myra & Sara Exploration Licenses

Source: www.gulfoilandgas.com 12/8/2011, Location: Middle East

GeoGlobal Resources Inc. announced that it did not receive the required instructions or payment from Adira Energy Ltd. on or before December 5, 2011 that would have permitted the Company to exercise an option to purchase a 5% interest in the Israeli licenses known as 347 Myra and 348 Sara, to be held for the benefit of Adira. As a result, the option expired unexercised.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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