Scandoil  

Virtus signs Letter of Intent to acquire San Juan County oil and gas field


Published Feb 25, 2016
Virtus Oil and Gas Corporation

Virtus Oil and Gas Corporation has signed a letter of intent with a US subsidiary of an international Oil and Gas Company, to acquire its U.S. operated, producing oil and gas fields in San Juan County, Utah.

Under the terms of the letter, the company has 30 days to conduct and complete its due diligence on the title, compliance, and facility review and finalize the pending offer subject to the third party Reserve Report.

VOIL is currently compliant with State of Utah and the Bureau of Land Management to Operate and produce in the state of Utah and will be using previous bond in place to do this.

Tags: Virtus Oil and Gas Corporation




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