Brief: Epi (Holdings) Says Sociedad Anonima Will Temporarily Suspend Purchase Of Crude Oil From Chañares Herrados Concession Area

EPI (Holdings)

08/04/2020 24:41

April 8 (Reuters) - EPI (Holdings) Ltd  0689.HK :
    * EPI (HOLDINGS)-UNITS INFORMED ON 6 APR YPF SOCIEDAD
ANONIMA WILL
TEMPORARILY SUSPEND PURCHASE OF CRUDE OIL FROM CHAÑARES HERRADOS
CONCESSION AREA
    * EPI (HOLDINGS) - IMMEDIATE NEGATIVE IMPACT ON BUSINESS &
FINANCIAL PERFORMANCE OF PETROLEUM OPERATIONS DUE TO CHAÑARES'
OPERATIONS SHUTDOWN EXPECTED TO BE TEMPORARY
    * EPI (HOLDINGS) LTD - UNITS INFORMED ON 6 APRIL THAT
CHAÑARES IS
GOING TO SHUT DOWN ITS OPERATION OF PRODUCTION OF CRUDE OIL
    * EPI (HOLDINGS) LTD - CO HAS BEEN EXPLORING POTENTIAL
CUSTOMERS
OTHER THAN YPF S.A. TO WHICH GROUP'S CRUDE OIL MAY BE SOLD
    * EPI (HOLDINGS) LTD - UNDERSTANDS THAT CHAÑARES WILL
CONTINUE
PRODUCTION OF CRUDE OIL UNTIL AROUND 10 APRIL TO STOCK UP
INVENTORY
    * EPI (HOLDINGS) LTD - GROUP IS ENTITLED TO INTERESTS ON
PRODUCTION OF CRUDE OIL IN CERTAIN OIL WELLS IN CHAÑARES
HERRADOS CONCESSION AREA
    * EPI (HOLDINGS)-THERE HAS NOT BEEN ANY SUCCESS IN EXPLORING
POTENTIAL CUSTOMERS OTHER THAN YPF S.A. TO WHICH GROUP'S CRUDE
OIL MAY BE SOLD

Source text for Eikon:  ID:nHKS4p6rSL 
Further company coverage:  0689.HK 

 ((Reuters.Briefs@thomsonreuters.com;))