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Gold/Mining/Energy : Sodra Petroleum
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To: Greywolf who started this subject9/21/2000 11:42:17 AM
From: Oily1  Read Replies (4) of 133
 
Sodra exchanges Falkland well commitment for seismic acquisition.

Sodra is pleased to announce that it has reached agreement with the Falkland Islands Government to exchange its commitment to drill a second exploration well in Tranche F for the acquisition of a defined amount of 2D seismic data. This acquisition will take place in the fourth quarter of 2000 or in the first quarter of 2001, being the summer period in the southern hemisphere. The programme will be designed to enhance the coverage in certain licensed areas and to provide coverage of an area outside the currently licensed part of the basin.

The acquisition of the seismic data will complete all the work commitments remaining on Tranche F which Sodra intends to retain until the expiry of the first exploration phase in October, 2001.

For further information, please contact:
Magnus Nordin
Managing Director
Sodra Petroleum AB
Telephone: +46-8-440 54 50

Simon Rothschild
Millham Communications
Telephone: +44-171-256 5756
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