The Company and its partners in the Sara and Myra licenses are executing the work plan approved by the Commissioner of Oil Affairs in the Ministry of Energy & Water, and expect to start drilling in the course of the second quarter of 2012.
Geo Global Resources Inc. (GGR) is an American public company which trades in Amex stock exchange as of 2004.
The company is an operator for exploration and production of oil and gas reserves with experience in deep water and land drilling.
51% of the share capital of Emanuelle Adriatic Energy Ltd., which has reached agreement with the representative of the Government of Albania about receiving rights to develop, produce and sell hydrocarbons (oil & gas) in 3 maritime blocks in the Adriatic Sea, spanning a total area of some 5,070 square kilometers off the Albanian shore and under Albanian control, subject to the signing of a detailed agreement and receiving regulatory permits.
On May 11, 2012 a fully owned subsidiary of the ILDC Energy, Emanuelle International, submitted an offer in a tender published by the Government of Cyprus, bearing on the acquisition of exploration and production rights of oil and/or gas in the economic waters of Cyprus.