Brief: New Stratus Energy Announces Award Of A Transformative Production Sharing Contract For A Significant Oil Field In Ecuador, Funding And Offtake Agreement, And Concurrent Offerings
03/03/2025 14:38
March 3 (Reuters) - New Stratus Energy Inc NSE.V: NEW STRATUS ENERGY ANNOUNCES AWARD OF A TRANSFORMATIVE PRODUCTION SHARING CONTRACT FOR A SIGNIFICANT OIL FIELD IN ECUADOR, FUNDING AND OFFTAKE AGREEMENT, AND CONCURRENT OFFERINGS NEW STRATUS ENERGY INC - UPFRONT CASH ENTRY BONUS FOR PSC IS $1.5 BILLION NEW STRATUS ENERGY INC - CONSORTIUM TO INVEST OVER $1.7 BILLION DURING INITIAL TERM NEW STRATUS ENERGY INC: UPON FORMAL EXECUTION OF PSC, WILL ACQUIRE A 40% INTEREST IN SACHA BLOCK Source text: ID:nGNXbpKMby Further company coverage: NSE.V (Reuters.Briefs@thomsonreuters.com)
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