Morocco: San Leon takes licences, East West pulls out
Issue 284
- 12 Sep 2014
| 1 minute read
San Leon Energy has increased its stake in two licences by acquiring shares from Petromaroc, the former Longreach Oil and Gas. San Leon has acquired Petromaroc’s 1.5% interest in the offshore Sidi Moussa licence, where operator Genel Energy is drilling the SM-1 well on the Nour prospect. Petromaroc has also transferred its 22.5% net working interest in the San Leon-operated Tarfaya Onshore licence. San Leon is in the process of obtaining an extension of the current period and a revised work programme.
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