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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nordic Panorama | LSE:NORP | London | Ordinary Share | GB0007279341 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.35 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
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9 April 2015
Nordic Energy Plc
("Nordic" or the "Company")
Negotiations on Extending Phase One of the Danish Licence
Nordic Energy, the oil and gas exploration and production company focused on
the North Sea and Northern Europe announces that it is negotiating with the
Danish Energy Authority ("DEA") to extend its first licence phase. The first
phase ends on 17 April 2015 after which the Company has the option to progress
to phase 2 during which there is an obligation to shoot a seismic programme.
The Company has encountered delays in securing adequate finance for a seismic
programme and, as it does not want the licence to lapse, it has asked for an
extension of the first two year phase. Nordic believes that additional
technical work could be undertaken prior to shooting seismic and it has entered
into discussions with its partner, the Danish North Sea Fund, and the DEA to
define an appropriate work programme for the extension phase.
The Company will update the market further in due course.
**ENDS**
For further information please visit www.nordicenergyplc.com or contact:
Enquiries:
Rudolf Kleiber Nordic Energy PLC Tel: +44 20 7283 0179
Patrick Rocholl Nordic Energy PLC Tel: +44 20 7283 0179
Jo Turner Cairn Financial Advisers LLP Tel: +44 20 7148 7900
Liam Murray Cairn Financial Advisers LLP Tel: +44 20 7148 7900
Chris Crawford Allenby Capital Tel: +44 20 3328 5656
Copyright il 9 PR Newswire
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