News and Announcements
Statoil Farm-In Approved by FIRB
- Published July 17, 2012 2:58PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Baraka Energy and Resources Ltd (ASX: BKP) (Frankfurt Exchange RBD: GR) (“Baraka” or “the Company”), is pleased to announce that the Foreign Investment Review Board of Australia (“FIRB”) has no objection to the farm-in of Statoil Australia Oil and Gas AS (“Statoil”) via our JV partner into the Southern Georgina Basin, NT, Australia. This approval satisfies the last condition precedent of the Farm-In Agreement announced on June 21, 2012.
This is excellent news, now we can focus on the current exploration program and look forward to an exciting few months of results.
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