Kairiki Picks up Property Offshore Sicily
Kairiki Energy Limited has executed Sales and Purchase Agreements in respect of the previously announced acquisitions of a 30% interest in two contiguous offshore Exploration Permits, G.R. 15 PU and Kerkouane, from Audax Resources Limited.
G.R.15 PU, is located offshore the island of Pantelleria southwest of Sicily in Italian waters and the Kerkouane Permit is located offshore northeast Tunisia.
The completion of these transactions is still conditional upon AuDAX completing the acquisition of the Pantelleria and Kerkouane Permits from Grove Energy Limited by June 30, 2008.
- Kairiki Energy to Dispose Stake in Yilgarn Petroleum Philippines to IMC (Jun 09)
- Shell Farms-In to Philippine Block for Nido-Kairiki JV; Swaps Rigs (Jan 31)
- Kairiki Appoints New Non-Executive Director (Aug 25)