(MENAFN- ProactiveInvestors)SacOil (LON:SAC) shares gained more than 6% after revealing exploration deadlines for its 12.5% owned venture in the Democratic Republic of Congo (DRC). The Total led project for Block III has been given an extra two years by the DRC Ministry of Hydrocarbons. As a result the current exploration period is now extended to January 26 2018 from January 27 2016. It gives the partners more time to complete the acquisition and processing of 2D seismic data SacOil said in a stock market statement. Thus far the partners have gathered and processed data from gravity and magnetic surveys on the norther part of the Block III area outside the Virunga National Park. On AIM SacOil shares were up 0.12p 6.58% trading at 2.02p each.
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