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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlantic Coal | LSE:ATC | London | Ordinary Share | GB00B142G994 | ORD 0.07P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.09 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS No 3875k ATLANTIC RICHFIELD COMPANY 15th July 1998 ARCO, Sasol, Zarara Sign Two Production Sharing Agreements in Mozambique MAPUTO, Mozambique, July 15 /PRNewswire/ -- Two production sharing agreements to explore for natural gas in Mozambique have been signed by the government of Mozambique, the state oil company ENH, and three international energy companies - Sasol Petroleum (Pty) Ltd. of South Africa, Zarara Petroleum Resources, and a subsidiary of Los Angeles-based ARCO (NYSE: ARC). The PSAs relate to the offshore Sofala and M-10 blocks where ARCO Mozambique Ltd., Sasol and Zarara have interests of 47.62%, 47.62% and 4.76% respectively. In May, 1998, the same parties signed a PSA to explore for naturl gas in the onshore Temane block in central Mozambique. Sofala and M-10 are continguous, 6,060 square mile blocks located offshore central Mozambique. ARCO will be operator for both blocks. The partners will conduct seismic surveys and drill up to five wells on the Sofala Block and four on the M-10 block, spending at least $30 million over the seven-year life of the agreements. The commitment also includes financial assistance for the training of Mozambican citizens, the tendering of contracts to qualified Mozambican companies, and the development of infrastructure. Gas discoveries from the Sofala and M-10 blocks may be marketed within Mozambique or to other countries in southern Africa. For a menu of ARCO news releases or to retrieve a specific release, visit our Website at http://www.arco.com on the Internet. Contact: Albert Greenstein of ARCO Media Relations, 213-486-3384//Web Site: http://www.arco.com/ END MSCBRGBRLUBCCIU
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