Scandoil  

Petrox Resources announces the acquisition of producing properties


Published May 23, 2014
Petrox Resources Corp.

Petrox Resources Corp. has now entered into a definitive sale and purchase agreement for the acquisition of certain oil and gas properties located in the Fletwode area of Saskatchewan. These properties include six oil producing wells with a combined producing rate of approximately 40 barrels per day.

The target closing date for this acquisition is May 31, 2014, with an effective date of April 1, 2014.

"We are very excited about this acquisition. This will be a very positive step for the development of the company. This acquisition will provide the much needed cash flow for Petrox while it continues to pursue other opportunities," said Edwin Tam, the President and CEO of Petrox.

Tags: Petrox Resources Corp.




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