Reuters:Melrose gets approval to develop Bulgarian gas field

Oil and gas explorer Melrose Resources Plc (MRS.L) on Friday said it got approval from the Bulgarian government to develop the Kavarna gas field, which has estimated reserves of 24 billion cubic feet (bcf). The company, which is trying to accelerate its gas projects in Bulgaria and Romania, expects the Kavarna field to be on stream by July 1, 2010.Melrose also applied with the Bulgarian government for commercialisation of the Kaliakra field reserves of 57 bcf and sees gas ...

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