LGO Energy - La Lora Concession, Spain
CERP
Mon, 30 Jan 2017, 11:15am GMT
Columbus Energy Resources plc is an international oil and gas exploration, development and production company headquartered in London, trading on the FTSE AIM All-Share.
Industry: 531d2a6e3665390d2000005d
Contact:
http://www.lgo-energy.com/
LGO today provides a further update on its 100% owned Spanish concession, La Lora, in northern Spain. The Spanish Cabinet of Ministers has not approved the extension of the Concession as requested. As a consequence the Concession will terminate at midnight on 31 January 2017. LGO will remain focussed on its high impact Trinidad production and exploration business. The carried value of the La Lora asset, including land and physical plant owned by CPS, is approximately £7 million.
