Hartshead Resources NL ( (AU:HHR) ) just unveiled an announcement.
Hartshead Resources NL has announced a pause in procedural timelines under the Joint Operating Agreement with RockRose Energy for the UK Southern Gas Basin Licence P2607 to facilitate continued commercial discussions. The pause, initially set for 28 days, aims to resolve contractual matters related to a proposed development program and budget, including a revised export route via the Saturn Banks pipeline system. Hartshead is committed to a commercial resolution and is engaging constructively with RockRose, while maintaining all legal rights under the agreement.
More about Hartshead Resources NL
Hartshead Resources NL is an ASX-listed company focused on developing a financially, technically, and environmentally responsible European energy business. The company aims to secure and invest in projects that meet Europe’s growing energy demand while supporting the transition to a low-carbon future. Hartshead is particularly focused on the development of the Production Seaward License P2607 in the UK Southern Gas Basin, which comprises five blocks containing four existing gas fields.
Technical Sentiment Signal: Sell
Current Market Cap: A$18.26M
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