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.