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  2. Share Prices
  3. Monchhichi PLC Share Price
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  5. Update on Farm-in Agreement with Nordic Petroleum

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Update on Farm-in Agreement with Nordic Petroleum

2 Aug 2012 09:30

RNS Number : 1494J
Mercom Oil Sands Plc
02 August 2012
 



2 August 2012

Mercom Oil Sands Plc (AIM: MMO)

 

("Mercom" or "the Company")

 

Update on Farm-in Agreement with Nordic Petroleum

 

Mercom Oil Sands Plc, announces that it is in discussions with its joint venture partner, Nordic Petroleum regarding its farm-in agreement in four oil sand leases over the Chard field in Alberta, Canada. Following the recent appointment of John Zorbas as Chief Executive, the volatility in the price of oil and other investment opportunities which are now available to the Company, Mercom has asked to review the current Farm-in Agreement. A further statement will be made shortly.

 

- ENDS -

Enquiries:

 

Libertas Capital Corporate Finance Ltd  +44 (0) 20 7569 9650

Tim Cofman- Nicoresti

 

Cardew Group  +44 (0) 20 7930 0777

Tim Robertson/Alexandra Stoneham

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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123
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123

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