The Newgrange Partners can confirm that Gardline’s M/V Kommandor survey vessel has commenced mobilisation in advance of the planned acquisition of data suitable for input to an application for the permitting of an offshore exploration well. The Newgrange Partners can also confirm that commercial discussions in relation to a potential farm-out of equity in the licence to third parties are continuing.
Dr John O’Sullivan, Technical Director of Providence commented, “We are pleased to confirm the commencement of the Newgrange site survey operations some 2 months ahead of schedule. In tandem with these operations, we continue to liaise with interested potential co-venture partners whilst also constantly monitoring possible rigs of opportunity which may become available for this exciting exploration venture.”
