Kairiki Won't Extend Chorbane Permit Acquisition's Closing Date
Kairiki Energy has elected not to extend the closing date for the acquisition of the Chorbane Permit in Tunisia past October 31, 2008 and as a result will not complete the proposed transaction.
Kairiki is focussing its efforts on crystallizing the value of its Philippine assets following its successful drilling campaign in Service Contract 54 and also on its other Tunisian and Italian Permits (Kerkouane and Pantelleria) which were recently acquired.
- 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)