Tunisia: Ksar Hadada Permit CCH Approval Extension

RNS Number : 8532X

Independent Resources PLC

11 May 2016

 

11 May 2016

For immediate release

INDEPENDENT RESOURCES PLC

Tunisia: Ksar Hadada Permit

CCH Approval of Extension

Further to the announcement of 21 April 2016 the Board of Independent Resources plc ("Independent Resources" or the "Company"), the AIM listed oil and gas exploration and production company (AIM:IRG) with activities in Tunisia, Egypt and Italy, provides the following update regarding the Ksar Hadada hydrocarbon exploration permit, Tunisia (the "Permit").

The Company is pleased to announce that it has now received confirmation that the meeting of the Comité Consultatif des Hydrocarbures ("Consultative Commission on Hydrocarbons" or "CCH"), held on 5 May 2016, approved the extension of the Ksar Hadada permit until 6 August 2017. This will be formally gazetted in due course.

Independent Resources continues to progress discussions with potential farm-in partners to fund planned activities on the licence.

Greg Coleman, CEO, stated:

"We are very pleased to have received CCH approval which we feel reflects the hard work and competent operatorship we have demonstrated in the last two years.

This extension increases the time available to potential farm-in partners to complete exploration programme commitments and we will continue our discussions with them in order to prepare to meet our work obligations."

For more information, please visit www.ir-plc.com or contact:

Greg Coleman		Independent Resources plc	020 3367 1134
Adam James		Panmure Gordon (UK) Limited	020 7886 2500
		(Nominated Adviser & Joint Broker)
Oliver Stansfield		Brandon Hill Capital	020 3463 5000
Jonathan Evans		(Joint Broker)
Simon Hudson		Tavistock Communications	020 7920 3150

 

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