Columbus Energy Resources PLC (LON:CERP) has announced a further interim extension to the Goudron incremental production service contract (IPSC) with Heritage Petroleum, moving the deadline out to June 30, 2020.
The prior deadline was April 3, and, now the companies have more time to finalise agreements for a longer-term extension.
READ: Columbus Energy eyes next gas injection at Innis-Trinity
"We are in the final stages of our negotiations with Heritage to agree the terms and conditions for a long term extension of the Goudron IPSC,” Leo Koot, Columbus Energy chairman in a statement.
“We are pleased that we have an extension until June 2020 so that we can finalise the negotiations in an orderly fashion. We will update the market when the agreements are finalised," he added.