Adams Resources Relinquishes a North Sea Block
01 Setembro 2005 - 1:59PM
PR Newswire (US)
HOUSTON, Sept. 1 /PRNewswire-FirstCall/ -- Adams Resources &
Energy, Inc. (AMEX:AE) announced today that the Company and its
partners have notified the United Kingdom's Department of Trade and
Industry of their intention to relinquish their license for Block
21-1b in the U.K. sector of the North Sea. The license will be
allowed to expire at the end of its first term period on September
30, 2005. All costs incurred on this project were expensed as they
originated. Therefore, the Company will not incur any additional
expense or charges to earnings as a result of this event. The
Company and its partners continue to focus their attention on North
Sea Block 48-16c that was awarded in the United Kingdom's 22nd
round of licensing held in 2004. Rick Abshire (713) 881-3609
DATASOURCE: Adams Resources & Energy, Inc. CONTACT: Rick
Abshire of Adams Resources & Energy, Inc., +1-713-881-3609
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