UK/IRELAND

Adriatic just the tonic for Elixir

ELIXIR Petroleum has tweaked its farm-out agreement with Adriatic Oil, giving the company an extra 55% participating interest in the Seaward Production Licence for extra funding.

Adriatic will gain the extra interest, taking its total to 80%, by paying for reprocessing of previously acquired 3D seismic data and interpretation of the data. All costs until the drill or drop will...

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