The plans define the work and expenditures over the duration of the license period, giving the company the right to develop these assets with conventional and enhanced oil recovery mechanisms.
Stream Oil & Gas president and CEO Sotirios Kapotas said that the approval supports the positive growth accomplished over the past few months and gives confidence to the company to continue with the execution of its goals and strategy for the benefit of its shareholders.
Stream Oil & Gas is a Canada-based exploration and production company focused on the re-activation and re-development of three oil fields and a gas/condensate field in Albania.
