29 de diciembre de 2016 / 7:39 / hace 8 meses

BRIEF-Interoil Exploration & Production: Drilling Campaign Altair and LLA-47 licenses

Dec 29 (Reuters) - Interoil Exploration and Production ASA :

* Drilling Campaign Altair and LLA-47 licenses

* Has entered into two Participation Agreements with SLS Energy (SLS), Colombian corporation

* SLS will share funding of drilling of four wells in Altair and LLA-47 E&P contracts

* SLS will assume responsibility for 90% of the capex for the Altair well (Turaco-1)

* In consideration SLS will receive initially 43 percent of the net operating income from the wells and 22 percent once the cost of the investment has been recovered

* SLS will assume responsibility for 60 percent of the capex for the Vikingo 1, Frison 1 and Jaca 1 wells

* In consideration SLS will receive initially 43 percent of the net operating income from the wells and 22 percent once the cost of the investment has been recovered

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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