Enegi Oil (LON: ENEG) has farmed out a 50% interest in the so called Exploration Area of North Sea block 22/12b to Azimuth Limited. Enegi Oil announced a similar farm-out deal with Azimuth over Block 3/23 last month. Block 22/12b contains the Phoenix discovery (the “Phoenix Area”) with the remaining acreage being made up of [...]
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