Dialog Group JV Wins Thailand Exploration Block Adjacent to Existing Concession
MT Newswires Live
Oct 07
Dialog Group's (KLSE:DIALOG) joint venture Pan Orient Energy was awarded concession rights for the L8/66 onshore exploration block in Thailand, according to a Tuesday bourse filing.
Shares of Dialog rose over 1% in recent trade on Wednesday.
Pan Orient will operate the concession with a 70% participating interest, while partner CanAsia Energy will hold the remaining 30%. The companies committed at least $14.3 million to exploration work under Thailand's 25th Onshore Bid Round.
The L8/66 block is adjacent to the producing L53/48 concession operated by Pan Orient. Work is expected to begin after the concession agreement is signed, the filing said.
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