GOGC and NPL arranged the deal
27 April, 2007
GOGC and Swiss Company NPL arranged the deal on April, 27, 2007.
The deal enables GOGC to buy 50% of shares of Ioris Valley Ltd, at the same time transferring the rights and liabilities to GOGC.
As a result of the deal Georgian Oil and Gas Corporation was entitled the exclusive right for oil and gas exploration, extraction and exploitation on the License Block XIB (Gardabani and Sagarejo regions).
The deal enables GOGC to buy 50% of shares of Ioris Valley Ltd, at the same time transferring the rights and liabilities to GOGC.
As a result of the deal Georgian Oil and Gas Corporation was entitled the exclusive right for oil and gas exploration, extraction and exploitation on the License Block XIB (Gardabani and Sagarejo regions).