Loon Lattakia Limited Co. denies reports of suspending its work in Syria

Canadian Loon Lattakia Limited Co. on Wednesday denied reports by some media stations that it suspended its activity in Syria, describing the reports as untrue and baseless.

"The company continues it works and commitments of exploration in the Syrian coast, we are in a continuous contact and coordination with the competent authorities in the country," Engineer Ammar Nawfal, Director of the Company said.

Some media said yesterday that Loon Latakia Ltd, an indirect unit of Kulczyk Oil Ventures Inc KOVP.WA and the operator of Block IX, has suspended all exploration operations in Syria, Mena Hydrocarbons said in a statement.

Loon Latakia Co. on 21/7/2011 started drilling archaeological – 1 exploration well, located in the southeast side of the Block – 9 (contract Lattakia), 35 km south east of the town Khanasser and 100 km south of the city of Aleppo, and with a final schema depth 3256 meter

Loon Energy INK Canadian Company , signed in 2008 with the Ministry of Oil and Mineral Resources, a contract to explore and develop oil and its production in the region / 9 / is called a Latakia contract and extends the area within the territory of the provinces of Latakia, Aleppo, Hama countries, and an area / 10039.139 / are still in the initial exploration period of the contract and will drill a well the second commitment (al-Bashaer – 1) before the end of this period.

Syria-oil