3Legs agrees new licence terms
Exploration and development firm 3Legs Resources has agreed changes to the terms of its three licences in Southern Poland with the Polish Ministry of Environment.
Exploration and development firm 3Legs Resources has agreed changes to the terms of its three licences in Southern Poland with the Polish Ministry of Environment.
The changes enable the company to acquire about 70 kilometres (km) of two-dimensional (2D) and 50 square km of 3D seismic data, to be followed by the drilling of an exploration well.
The company has awarded a contract for the seismic acquisition to Acoustic Geophysical Services.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief Executive Peter Clutterbuck said: "Our primary focus remains the commercial development of the Baltic Basin where we are continuing to do further analysis on the results of our two recent wells and we are engaged in a planning process for the 2012 programme."
The share price rose 3.17% to 65p by 14:34.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Spot the Dog: £67bn in underperforming funds revealed
Around 137 funds consistently underperformed their benchmark, BestInvest's Spot the Dog report finds. Which funds are in the dog house?
By Katie Williams Published
-
What does a BP and Shell merger mean for the UK oil industry?
BP’s struggles have made it vulnerable to a takeover. Could it merge with Shell to create a British behemoth?
By Dr Matthew Partridge Published