Ophir to Acquire Interest in Madagascar Block
Ophir Energy plc
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Tuesday, July 13, 2010
Ophir has entered into an agreement with Wilton Petroleum to acquire an 80% interest and Operatorship of a Production Sharing Contract (PSC) over an area designated as the Marovoay Block 2102, onshore Madagascar.
The Block 2102 lies in the coastal area of northwest Madagascar covering an area in excess of 12,000km2. The PSC was awarded to Wilton following a competitive licensing round in 2006.