Following a Council of Ministers session on 20 March the decision was taken to award 5-year rights to SPM on the 4,626-sq km block 1-25 Vratsa West (Vratza Zapad, or Vratca Zapad), Lovech province on the Moesian Platform, NW Bulgaria. Signature bonus is â¬210,000, investment pledge â¬7.4 MM including 2D + 3D seismic. A farmout is not ruled out. The award is yet to be gazetted.
Following a Council of Ministers session on 20 March the decision was taken to award 5-year rights to SPM on the 4,626-sq km block 1-25 Vratsa West (Vratza Zapad, or Vratca Zapad), Lovech province on the Moesian Platform,