New Sage Enters Into Letter Agreement to Pursue Oil and Gas Projects in Argentina

New Sage Energy Corp. (TSXV:NSG) has entered into a letter of agreement with Caribe Oil & Gas Ltd. to engage in petroleum and natural gas opportunities in Argentina.

As quoted in the press release:

Caribe is currently pursuing and negotiating multiple opportunities that focus on specific objectives, such as projects with existing production and exploration potential. In addition, Gregg Vernon and Marc Melnic have agreed to join the Board of Directors of New Sage and Marc Melnic will be appointed President and CEO of New Sage.

Click here to read the New Sage Energy Corp. (TSXV:NSG) press release