REACH ENERGY BERHAD ("REB" or "the Company")
- AUTHORITY APPROVAL TO COMMENCE TRIAL PRODUCTION PERIOD OF THE NORTH KARIMAN FIELD FOR 15 MONTHS
The Board of Directors of REB wishes to announce that its producing asset in Kazakhstan, Emir-Oil LLP (“Emir-Oil”), has obtained authority approval to commence Trial Production Period ("TPP") of the North Kariman ("NK") Field for 15 months, from 1 October 2018 to 31 December 2019. The TPP approval allows Emir-Oil to put the NK wells on production, and this is expected to increase current oil production levels substantially.
The approval of TPP for NK Field is a clear signal of the authority for the Company to proceed with the processes required to obtain a new Production Contract for the NK Field.
This announcement is dated 28 September 2018.
|Company Name||REACH ENERGY BERHAD|
|Date Announced||28 Sep 2018|
|Category||General Announcement for PLC|