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| Name | Symbol | Market | Type |
|---|---|---|---|
| Capricorn Energy PLC (PK) | USOTC:CRNCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.30 | 5.33 | 5.40 | 50 | 14:47:59 |
From Sep 2019 to Sep 2024
LONDON--Providence Resources PLC (PZQA.DB) said Wednesday it and partner Sosina Exploration Ltd. have entered into a farm-in agreement with Total S.A. (FP.FR) and Cairn Energy PLC (CNE.LN) for licensing option 16/27.
The Irish oil company and Sosina have also separately entered into an exclusive option agreement with Total for Frontier Exploration License 2/14.
Under the 16/27 farm-in agreement, Total E&P Ireland BV will acquire 50% working interest and operatorship of the license. Cairn Energy unit Capricorn Ireland Ltd. will have the right to acquire 20% working interest in the license from Providence and Sosina.
Under the 2/14 option agreement, Total E&P Ireland has the option and the right, but not the obligation, to acquire 35% interest in the license for $27 million.
The 16/27 and 2/14 licenses are located offshore Ireland.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
June 07, 2017 03:05 ET (07:05 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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