Europa’s EG-08 farm-out deadline extended while Chinese approval remains pending
Europa Oil & Gas ($EOG-LSE) reported that the completion deadline for Antler Global’s farm-out of a 40% interest in Equatorial Guinea’s EG-08 license to Fuhai has been extended to the end of October. Chinese overseas-investment approval remains outstanding, although the host government’s consent was obtained earlier. Europa owns 42.9% of Antler, rather than holding that percentage directly in the license. On completion, Antler and Fuhai would each hold 40% of EG-08, with GEPetrol retaining 20%.
0