Duyung PSC Update
Empyrean Energy PLC has noted that Conrad Asia Energy Ltd, the operator of the Mako Gas Field, has placed its securities on trading halt pending an announcement regarding the completion of a proposed farm down of their 75% interest in the Duyung PSC, in which Empyrean holds an 8.5% interest. Empyrean will provide an update to the AIM market as soon as possible.
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Empyrean Energy Plc ("Empyrean" or the "Company") notes that Conrad Asia Energy Ltd ("Conrad"), the operator of the Mako Gas Field ("Mako"), today placed its securities in trading halt on the Australian Securities Exchange ("ASX") pending an announcement to the market in relation to the completion of the proposed farm down of their 75% interest of the Duyung PSC, in which Empyrean holds an 8.5% interest.
Empyrean is not in a position to make any announcement on this matter at the current time but will provide an update to the AIM market as soon as possible.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.