Reported 16 days ago
London-listed Pennpetro Energy Plc has secured Heads of Terms to acquire a 100% stake in the Limnytskyi oil and gas exploration license in western Ukraine, a region rich in oil and gas fields. The company plans to develop this underexplored opportunity to contribute to Ukraine's energy independence and security. The acquisition is subject to regulatory approvals and further due diligence, with plans to re-enter a previously abandoned well and drill new prospects soon.
Source: YAHOO