DRILLING

Zeus given more time for North Sea drilling

ZEUS Petroleum has been granted a 12-month extension to the initial term of its North Sea licence P1289 over Block 14/11, permitting the company to drill the large Metis prospect.

Marija Stojkovic

Rheochem, which owns 50% of Zeus, said the initial licence term had been extended to December 21, 2010, and that Zeus was required to drill a well in the licence during this period to allow any further...

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