Brief: Madalena Announces Operation Agreement On Palmar Largo Concession With Province Of Formosa
27/11/2018 13:37
Nov 27 (Reuters) - Madalena Energy Inc MVN.V :
* MADALENA ANNOUNCES OPERATION AGREEMENT ON THE PALMAR LARGO
CONCESSION WITH THE PROVINCE OF FORMOSA
* MADALENA ENERGY - MADALENA WILL RECEIVE 82.68% OF
PRODUCTION
REVENUES UNDER AGREEMENT AND WILL BE RESPONSIBLE FOR OPERATION
COSTS OF FIELD
* MADALENA ENERGY - 2 YEAR OPERATION AGREEMENT WITH A 1 YEAR
EXTENSION PROVIDED THAT MADALENA FULFILLS ITS US$2M INVESTMENT
COMMITMENT
Source text for Eikon: ID:nGNX7qRh8k
Further company coverage: MVN.V
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Madalena Announces Operation Agreement On Palmar Largo Concession With Province Of Formosa