33.3 C
Supported byspot_img

JKX Oil-Gas expands its Hungary oil licenses

Member of Europium Groupspot_img
Supported byspot_img

London stock exchange listed oil exploration company JKX Oil & Gas PLC reported it has secured a further three 35-year production licences within its Hernad 1 and 2 exploration areas in Hungary.

The new licence awards, covering the Emod V, Pely I and Jaszkiser I licences, mean the group now owns six licences within the Hernad area.

“The award of these three additional production licences completes the process undertaken when JKX took full control of the Hernad licences. The awards clarify the position for potential farminees and we are looking forward to the completion of the farm-out process and renewed activity on our Hungarian licences during 2016,” said Chief Executive Paul Davies.

Supported by


Supported byElevatePR Digital

Related News

CATL explores $1.5 billion fund to boost global battery supply chain

China's Contemporary Amperex Technology (CATL), the world's largest electric vehicle battery manufacturer, is in discussions with overseas sovereign wealth funds and private offices of...

Securing Europe’s critical raw materials: Addressing funding challenges for sustainable extraction

Bernd Schäfer, CEO of EIT Raw Materials, advocates for substantial investment in Europe's mining sector following the implementation of the Critical Raw Materials Act...

Strengthening global sustainability: The SCMA and critical minerals for climate goals

Canada's Minister of Energy and Natural Resources, Jonathan Wilkinson, together with Sweden's Minister for Energy, Business and Industry, Ebba Busch, announced Sweden's accession to...

Nickel mining and the green energy challenge: Balancing supply with environmental responsibility

Nickel is poised as a critical element in the global shift towards green energy, yet its extraction poses significant environmental challenges, recently highlighted by...
Supported by
Supported by
Supported by
error: Content is protected !!