Desire Granted Extension for Falkland License
by Desire Petroleum plc
|Wednesday, October 31, 2012
Desire Petroleum plc announced certain changes to its Production Licenses following approval received from the Executive Council of the Falkland Island Government.
Licenses PL003, PL004 and PL005
Licenses PL006 and PL007
Commenting on the update, Stephen Phipps, Chairman of Desire, said:
"We are extremely pleased with the changes to our licenses, and thank the Falkland Island Government for their understanding in agreeing our revised license terms. Desire now has over three years in which to further explore its highly prospective key license areas in the northern part of this basin."
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