San Leon Energy notes the Serica Energy plc Quarterly Update announced this morning where it references the near conclusion of farm in contracts for the offshore Foum Draa and Sidi Moussa permits.
San Leon is looking forward to informing its shareholders of the final terms upon completion of the agreements which is expected shortly.
Pre completion of the farm-in agreements, San Leon Energy holds a 42.5% net operated interest in both blocks. The remaining interest is held by Serica (25%), Longreach Oil and Gas (7.5%) and ONYHM, the National Bureau of Petroleum and Mines, in Morocco (25%).
Read more: http://www.oilvoice.com/n/San_Leon_Energy_Morocco_farmin_agreements/8e7448828566.aspx#ixzz23SmD8ByJ
