Total Exercises Option to Farm-in to Providence's FEL 2/14

Source: www.gulfoilandgas.com 6/20/2017, Location: Europe

Providence Resources P.l.c., the Irish based Oil and Gas Exploration Company, provides a commercial update on the Exclusive Option (the “Option”) entered into with TOTAL E&P IRELAND B.V. (TOTAL) and as announced on June 7, 2017. Pursuant to the terms of the Option, Providence and Sosina can confirm receipt of US$ 20.250 million (US$ 16.2 million to Providence). The second payment of US$ 6.750 million (US$ 5.4 million to Providence) is payable by TOTAL no later than 3 business days following the issuance of the P&A notice for the 53/6-A well.


Brazil >>  3/1/2024 - Raizen Fuels Finance S.A. ("Raizen Fuels") announces the expiration and results of its previously announced offer to purchase (the "Offer") for cash a...
Canada >>  3/1/2024 - Highlights
Financial results
- Significant increase in earnings for the fourth quarter and record results achieved in fiscal 2023 overall...


Canada >>  3/1/2024 - AltaLink has delivered on its Flat for Five promise to Albertans to keep its costs below 2018 levels for five consecutive years. At the end of 2023, A...
Canada >>  3/1/2024 - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently o...

United States >>  3/1/2024 - A federal jury in the U.S. District Court for the District of Delaware has awarded a $57 million patent infringement verdict in favor of Midwest Energ...
United States >>  3/1/2024 - At its regular meeting held today, the Board of Directors of PNM Resources (NYSE: PNM) declared the regular quarterly dividend of $0.3875 per share on...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.