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| Name | Symbol | Market | Type |
|---|---|---|---|
| Cnooc Ltd | NYSE:CEO | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 121.76 | 0 | 01:00:00 |
From May 2019 to May 2024
LONDON--UMC Energy Corporation (UEP.LN), Tuesday announced the commencement of an extensive 2D seismic acquisition program over the offshore Petroleum Prospecting Licenses--PPL374 and PPL375, held by Gini Energy Ltd, adding that the duration of the survey is expected to be 30 days.
MAIN FACTS:
-UMC Energy holds a 30% interest in Gini, with CNOOC Ltd holding a 70% interest. CNOOC is funding the entire cost of this survey.
-BGP PNG Exploration has been contracted to acquire the new data utilizing its dedicated 2D seismic acquisition vessel, the Dong FangUMC Energy Corp. (UEP.LN) Kan Tan No. 1. Acquisition commenced on Dec. 8.
-UMC Energy Corporation shares at 0955 GMT traded up 14.3%, at 3 pence, valuing the company at GBP14.5 million.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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