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Article: Bulgaria: Britain's Melrose Resources invests in new Bulgarian oilfield.
- Article from:
- TendersInfo
- Article date:
- July 17, 2009
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Byline: sandesh03
Scottish-based oil and gas company Melrose Resources PLC announced on July 14 that it contemplated to generate 11.2 million British pounds sterling, or 13.1 million euro, with which it will facilitate its exploration in Bulgaria.
On July 14 the company sold 4.5 million shares, the proceeds of which will be allocated to the exploration of an offshore oil well, in the north-eastern seaside town of Kaliakra, business.scotsman,com has reported.
This is the latest development in the company's operations in the country, following the announcement on December 6 2007 by the Bulgarian government that it had granted the UK company a ...