Brief: Pentanova Energy Provides An Update On The Sinu-9 And Tiburon Assets

NG Energy International

16/08/2018 14:04

Aug 16 (Reuters) - Pentanova Energy Corp  PNO.V :
    * PENTANOVA ENERGY PROVIDES AN UPDATE ON THE SINU-9 AND
TIBURON
ASSETS
    * PENTANOVA ENERGY-ANNOUNCES SINU-9 FARM OUT AGREEMENT WITH
PANACOL OIL & GAS ,SUBSIDIARY OF LATAM OIL & GAS FAILED TO CLOSE
BY AGREED CLOSING DATE
    * ANNOUNCES SINU-9 ("SN-9") FARM OUT AGREEMENT WITH PANACOL
OIL &
GAS AGREEMENT HAS BEEN TERMINATED
    * COMPANY HAS OFFERED TO CONTINUE DISCUSSIONS WITH PANACOL
TO
NEGOTIATE AN ALTERNATIVE AGREEMENT
    * PENTANOVA ENERGY- GOT LETTER FROM CLEAN ENERGY RESOURCES
S.A.S
ALLEGING CO IN BREACH OF CERTAIN OBLIGATIONS UNDER SN-9 PSA, SO
SN-9 PSA TERMINATED
    * PENTANOVA ENERGY - RECEIVED LETTER FROM COLPAN OIL & GAS 
ALLEGING CO IN BREACH OF CERTAIN OBLIGATIONS UNDER TIBURON PSA,
SO  TIBURON PSA TERMINATED
    * "CONSIDERS THAT THE ALLEGED BREACHES ARE WITHOUT MERIT"

Source text for Eikon:  ID:nCNWT33xPa 
Further company coverage:  PNO.V 

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