BOWLEVEN has confirmed that the deadline for completing a $250 million (£155m) stake sale in Cameroon has been extended a second time, pending approval of the deal by the country's president.
The Edinburgh-based oil and gas firm said the parties to the deal, Cameroon's New Age and Russia's LUKOIL, have signed the extension of the Etinde farm-out transaction longstop date to December 31, 2014, from October 31. On Monday Bowleven said the parties were progressing the extension. The deadline had been moved from August 31.
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