Edition:
United Kingdom

AJ Lucas Group Says Unit Signs Contract With Kestrel Coal For Degasification And Exploration Drilling Services


Monday, 19 Aug 2019 

Aug 19 (Reuters) - AJ Lucas Group Ltd ::UNIT SIGNED A CONTRACT WITH KESTREL COAL FOR PROVISION OF A FULL SUITE OF DEGASIFICATION AND EXPLORATION DRILLING SERVICES.CONTRACT IS FOR AN INITIAL 3-YEAR PERIOD, WITH AN OPTION TO EXTEND FOR A FURTHER 2 YEARS BY MUTUAL AGREEMENT.CONTRACT IS EXPECTED TO GENERATE REVENUES IN ORDER OF $70 MILLION OVER INITIAL 3-YEAR TERM.