Crown Energy has relinquished its interest in Block P Licence, Equatorial Guinea
INSIDE INFORMATION: Crown Energy AB (publ) ("Crown Energy", "The Company") has relinquished its 5 per cent equity interest (6.25 per cent paying interest) interest in Block P Licence, Equatorial Guinea. After some time and careful consideration, the Board of Directors has decided that the economic prospects for the project does not live up to the risk/reward expectations of Crown Energy.The Company, in accordance with ongoing policy of prudent financial asset management, has relinquished its interest in Block P, Equatorial Guinea. This interest now reverts to the other members of the Block