Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/petsec-energy-acquires-damis-production-licence.shtmlPetsec Energy acquires Damis production licence
Petsec Energy Ltd has expanded its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest (82.5% equity interest)
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Petsec Energy Ltd has expanded its oil and gas interests in the Republic of Yemen with the acquisition of entities holding the entire (100%) participating interest (82.5% equity interest) and operatorship of the Damis (Block S-1) Production Licence.
The Damis (Block S-1) Production Licence holds five sizeable oil and gas discoveries - the developed and producing, until suspended in 2014, An Nagyah oil field, and a further four undeveloped oil and gas fields within the licence area - Osaylan, An Naeem, Wadi Bayhan and Hamel.
