Primary Petroleum Completes Sale and Joint Venture With Major U.S. Industry Partner on Its Southern Alberta Basin Bakken Fairway Lands in NW Montana
Primary Petroleum Corporation (TSX VENTURE:PIE)(OTCQX:PETEF) is pleased to announce that its wholly owned U.S subsidiary; Primary Petroleum Company LLC, has signed and closed a Sale and Joint Venture Agreement with a major U.S. based Industry Partner (“JV Partner”) that will pay $48.5 million to acquire a 32.5% working interest in Primary’s 291,000 net acres in Western Montana.
Primary Petroleum Corporation (TSX VENTURE:PIE)(OTCQX:PETEF) is pleased to announce that its wholly owned U.S subsidiary; Primary Petroleum Company LLC, has signed and closed a Sale and Joint Venture Agreement with a major U.S. based Industry Partner (“JV Partner”) that will pay $48.5 million to acquire a 32.5% working interest in Primary’s 291,000 net acres in Western Montana.
The JV Partner will retain an option for 60 days of completion of the initial program to commit a further $41 million on a similar secondary exploration program to acquire an additional 17.5% working interest. If the option is exercised, the JV Partner will retain operatorship. The effective date of the transaction is July 1st, 2011.
Click here to see the full press release
Click here to see a profile on Primary Petroleum (TSXV:PIE)
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1862.74 | -4.55 | |
Silver | 22.07 | -0.06 | |
Copper | 4.31 | 0.00 | |
Palladium | 2011.50 | +14.50 | |
Platinum | 957.50 | +1.50 | |
Oil | 111.12 | +1.35 | |
Heating Oil | 3.70 | +0.04 | |
Natural Gas | 8.85 | +0.06 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.