Brief: Alvopetro enters into a farm-out agreement with Farmee

Alvopetro Energy

21/09/2016 21:26

Sept 21 (Reuters) - Alvopetro Energy  ALV.V :  
    * Entered into a farm-out agreement with Farmee whereby 
Farmee will acquire a 95% participating interest in block 107 
    * Alvopetro Energy Ltd says  received an upfront cash 
payment of $0.3 million 
    * Under terms of farm-out, Farmee is responsible for 100 pct 
of costs associated with drilling 2 wells in satisfaction of 
work commitments on block 107 
 
Source text for Eikon:  ID:nCNWpQcS7a  
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