BRIEF-Interoil Exploration and Production: licenses LLA-47 and Cor-6 are considered to be terminated

viernes 10 de octubre de 2014 01:22 GYT
 

Oct 10 (Reuters) - Interoil Exploration and Production ASA :

* Says National Agency of Hydrocarbons in Colombia informed Interoil that it is considering to terminate two licenses LLA-47 and Cor-6 later this year

* Says its Colombian subsidiary is compliant with license terms with issue of $2.5 million bank guarantee

* Says the licences will be terminated unless necessary bank guarantees are provided for its existing exploration commitments on two blocks

* Says ANH has claimed that remaining $10.5 million bank guarantee will fall due towards end of this year Source text for Eikon: Further company coverage: (gdynia.newsroom@thomsonreuters.com; +48 58 698 3920)