Brief: Cyprus Opportunity Energy signs term sheet with companies from Israel and U.S.

C.o. Cyprus Opportunity Energy PCL

07/03/2017 11:19

March 7 (Reuters) - CO Cyprus Opportunity Energy Public 
Company Ltd  OGAS.CY : 
    * Signs a term sheet (T.S) with  Israel Opportunity Energy 
Recourses Limited Partnership  ISOP.TA  and Radian Partnership, 
LP (the buyers) with independent third parties (the sellers) for 
the acquisition of rights in ten sections with a total area of 
about 6,400 acres for $3.52 million 
    * Says buyers will hold, directly or through their assigns, 
75 percent of the sellers' rights in properties at the time of 
entering into the Term Sheet 
 
     
 Source text: http://bit.ly/2n0tiPM 
     
 Further company coverage:  OGAS.CY   
    
 
 
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