The map for the exploration and production of oil is expanded, 3 wells will be drilled in 2012

The National Agency of Natural resources and the Canadian company "Petro Manas" approved the work program

Boca Raton FL, (PresseBox) - The potential of natural resources in Albania is attracting more foreign investors. The oil exploration Canadian company "Petro Manas", in cooperation with the National Agency of Natural Resources have strengthened cooperation for the expansion of the map of exploration wells in the Northern and Eastern part of the country. The next year program of the Canadian company aims at revolutionarizing the concept of oilfields in the country thus making Albania a more attractive place for investments. Thus, the National Agency of Natural Resources and the Canadian company "Petro Manas" approved the work program for next year. Based on this program, three oil exploration wells will be drilled by this company. After studies in various areas of Albania, it is thought that these three points might be potentially oil-bearing fields, thus expanding the map of oil exploration wells.

In the meeting held between the National Agency of Natural Resources, the Executive Director of this agency, Besjan Pesha appreciated the work of "Petro Manas" company. Pesha emphasized that "The work of Petro Manas may revolutionarize the concept of oilfields in the country, thus making Albania an even more attractive place for investment in this area, and at the same time expanding the map of oil exploration wells in the Northern and Eastern part of the country".

While the representative of "Petro Manas" company in this meeting, Malfor Nuri highlighted and even appreciated very much the close cooperation with the National Agency of Natural Resources ad the assistance that the latter has provided to facilitate the work of this company in Albania. Based on the studies carried out by the company it is clearly defined the location of these three wells aiming at oil discovery. The work program includes drilling of a new well near the city of Shkodra, another one near Elbasan and the third well is thought to be opened near Berat.

Advisory meetings between the National Agency of Natural Resources and Petro Manas company are held annually and aim at expanding further the map of oil discovery in Albania.

AKBN is the National Agency of Natural Resources which promotes, examines and monitors all the projects and investments in the use of natural resources.

Undiscovered Equities

Undiscovered Equities is a leading provider of equity research on high impact aggressive growth investment opportunities. Our services include research analysis on the energy and precious metals markets, news and financial data, market commentary and the Undiscovered Equities newsletter. Undiscovered Equities' staff of small cap investment professionals are dedicated to providing the investment community with the tools and avenues necessary to, invest their money wisely and build wealth. To view our newsletter on a complimentary trial basis and take advantage of our other services go to www.undiscoveredequities.com and join our email list on our home page.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.


I want to subscribe to the gratis press mail and have read and accepted the conditions.