Four year extension of the Manja licence with flexible work program
Crown Energy AB (“Crown Energy”) are pleased to announce an extension to our 100% owned Block 3108 Manja Licence, onshore Madagascar.Following a meeting with OMNIS, the regulatory body of Madagascar, on 28-Oct-15, it has been agreed to extend the exploration period for 4 years until 15-Nov-19 as two consecutive two year phases. The work programme during the first two year phase will consist of an FTG (Full Tensor Gravity) survey over the block, followed by optional 2D seismic. The second two year phase will contemplate drilling of the first exploration well. The agreement is subject to