Business
Liberia Disposal
Liberia Disposal.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n Regal Petroleum PLC\n21 December 2007\n\n\n\n \nImmediate Release 21 December 2007\n \n\n REGAL PETROLEUM PLC\n ('Regal' or 'the Company')\n\n Liberia Disposal\n\nThe Company announces that it has disposed of its interest in Blocks 8 and 9\noffshore Liberia, through the disposal, for a nominal consideration, of its\nwholly owned subsidiary Regal Liberia Limited, to European Hydrocarbons Limited,\nwhich holds a 75% interest in such Blocks. The Production Sharing Contracts in\nrespect of these Blocks, through which the Company held a 25% interest, remained\nunratified by the Liberian Government and the Company has taken the view that\nthis project does not constitute part of its future area of core interest.\n\n\n\nFor further information, please contact:\n\nRegal Tel: 020 7408 9500\n\nDavid J Greer, Chairman & CEO\n\nEvolution Securities Tel: 020 7071 4300\nRobert Collins\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n LBBFBV \n ","length":1552,"tagName":"div"}]