Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/by_province/americans_onshore/usa/petro-river-updates-on-horizon-energy-partners-far.shtmlPetro River updates on Horizon Energy Partners' farmout agreement
Petro River Oil Corp. has released an update from Horizon Energy Partners, LLC relating to a Farmout Agreement between Horizon Energy's wholly owned subsidiary, Grapevine Energy,
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Petro River Oil Corp. has released an update from Horizon Energy Partners, LLC relating to a Farmout Agreement between Horizon Energy's wholly owned subsidiary, Grapevine Energy, LLC and California Resources Production Company.
Petro River is currently party to a conditional purchase agreement with Horizon I Investments, LLC to acquire a 20% interest in Horizon Energy; the acquisition is expected to close in April 2016.
The Farmout Agreement offers Grapevine a 100% interest (subject to certain conditions) in a large acreage position in the southern San Joaquin Basin.
