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Europe / Caspian / CIS >>> Montenegro

Global Petroleum sells Montenegro interest

12 Dec 2003

Global Petroleum advises that it has signed an agreement for the sale of its interest in the Montenegro prospects for £350,000, subject to the agreement of the Government of the Republic of Montenegro to its new arrangements with AD Jugopetrol Kotor, the concession holder, being received no later than 1 March 2004.

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