Mediterranean Oil & Gas to Develop Ombrina Mare Field in Italy

Mediterranean Oil & Gas Plc (AIM:MOG) has expressed that it will be able to develop its Ombrina Mare field in Italy.

As quoted in the press release:

Following a session of the Senate of the Italian Parliament on Friday 3rd August 2012, Decree 83/2012 has now been approved and ratified in law by both houses of the Italian Parliament.

Mediterranean Oil and Gas’ Chief Executive, Dr. Bill Higgs, commented:

This is very positive news and we are pleased the Italian Parliament has now approved and ratified in law Decree 83/2012.

Click here to read the Mediterranean Oil & Gas Plc (AIM:MOG) press release.