Interoil Granted Extension for LLA-47 Exploration Phase

Source: www.gulfoilandgas.com 5/26/2015, Location: South America

The National Agency of Hydrocarbons (ANH) has granted an extension of 104 days for the exploration phase for LLA-47. Interoil has completed 350km2 of 3D seismic and was obligated to drill eight exploration wells by October 2016, which has now been extended to 10 February 2017. The requirement to provide an additional guarantee of USD 10,5 million has been extended to 29 July 2015.


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