Simwell Licence Interest Changes.

Comtrack's 51% owned subsidiary Simwell Resources Ltd has changed its ownership percentages of two of the UK licenses awarded in the 28th Licensing Round. The holding in P2258 ( Block 42/15b) has been increased to 90%, in P 2255 ( Block 113/28b) it has been reduced to 35%, whereas in P 2257 it is staying at 50%. At the same time Simwell has farmed-in to and acquired 35% of license P2076 (Block 113/27d).

Comtrack's 51% ownership of Simwell Recoueces Ltd, is held through its 100% owned UK subsidiary Comtrack (UK) Ltd.