Scandoil  

American Patriot takes second significant acreage position in Colorado


Published Jul 18, 2014
American Patriot Oil and Gas Limited

American Patriot Oil and Gas Limited has acquired an additional 15,910 acres, lifting its holding to 22,543 gross acres, in the oil producing Denver-Julesburg Basin in Colorado (Rough House AOW has signed a Purchase and Sale Agreement (PSA) to acquire a 100% working interest in the 15,910 gross (2,678 net) mineral acres package of tenements in Washington County of the Denver-Julesburg (DJ) Basin. AOW has an 82% net retained interest in the net mineral acres.

The PSA is subject to customary due diligence and closing conditions with closing expected on August 16, 2014. The lease terms are for 5 years with 4 years remaining and there are no seismic or drilling commitments on the acreage acquired.

Tags: American Patriot Oil and Gas Limited




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml