UK Energy Minister Makes Out of Round Offer

Energy Minister Stephen Timms offered a Petroleum Exploration and Development Licence (PEDL133) to Composite Energy to cover acreage in the counties of Falkirk and Clackmannanshire (Blocks NS88, NS89, NS97, NS98 and NS99). The company will have a fixed period in which to decide whether or not to accept the offer. If Composite should accept the offer they will be required to drill 4 sub-horizontal "in-seam" wells.
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