Minoan Group - Re: MIN Stream Log - The British Minoan Group Plc...

The British Minoan Group Plc expects within the month the presidential decree would allow it to proceed with the tourist complex development project area 25,000 acres in place Cape Iron Lasithi Crete. The total investment is estimated at 267.7 million. EUR. It is the work "Itanos Gaia" on five luxury hotels with a total capacity 1,936 beds and surrounded by golf courses. The next period is expected the "green light" from the CoE and for tourism development Kilada Hills budget 418 mil. EUR to be held in the Valley area of ​​the Municipality Ermionidas in an area of ​​2,000 acres. The project envisages the creation of hotel, holiday homes and golf course. The investment made by the Mindcompass Overseas, a subsidiary of Dolphin Capital Investors Ltd, which participates known US private equity Third Point. The Third Point also participates with about 40% and Energean Oil & Gas, which has ongoing investment program of 160 million. Euro in the Gulf of Kavala, targeting 30 million. Barrels of oil, which are confirmed deposits. Under this program purchased and drillship that will hold seven boreholes in Prinos, another seven to deposit Epsilon and once in the North Prinos. The company also progressing the research process in the areas of Ioannina and Katakolon, based on concessions approved in September by the House.