Japan Petroleum Exploration Co Ltd (1662.T)
22 Jul 2016
Latest Key Developments (Source: Significant Developments)
Japan Petroleum Exploration Co Ltd:Through subsidiary JAPEX UK E&P CENTRAL LIMITED and financial assistance of Japan Oil, Gas and Metals National, the option has been exercised under the agreement with Apache to acquire increased working interests in License P1998 (the Val D’Isere prospect) and P2001 (the Les Arcs prospect).In return for the payment of certain well and other costs, JUKC can now acquire a 10 pct working interest in the Val D’Isere prospect and a 20 pct working interest in the Les Arcs prospect.Set up a subsidiary APEX UK E&P CENTRAL LIMITED in London on Sep. 15. Full Article
TOKYO Japan Petroleum Exploration (Japex) will not restart production at its Hangingstone oil sands concession in Alberta, Canada, for the foreseeable future due to low prices, even after devastating fires in the area were brought under control.