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Strategies & Market Trends : Beat The Street With SI Traders

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Boolish
To: Boolish who wrote (123360)10/14/2013 4:55:51 PM
From: small pockets2 Recommendations  Read Replies (2) of 233883
 
Farm Out ...Premier

BLOCK 2B FARM-OUT AGREEMENT CONCLUDED
Through its wholly owned subsidiary Lion Petroleum Corp., Taipan signed a farm-out with Premier Oil plc of the UK on 3rd October 2013. Under the terms of the transaction, Taipan will retain a 45% interest in block 2B and will continue to be the Operator. Premier’s investment in the block is presently capped at $30.5 million
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