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Brownstone Energy completes sale of Canaguaro Block interest


Published Jun 11, 2013
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Brownstone updates Piceance project

Brownstone Energy Inc. announces that the previously announced sale of its 25% oil and gas participating interest in the Canaguaro Block in the Llanos Basin of Colombia closed.

Brownstone received gross proceeds of US$6 million in cash from Petrominerales Ltd. for its Canaguaro interest (which may be subject to post-closing adjustments relating to revenues and expenses attributable to pre-closing operations, in accordance with the terms of the sale).

Tags: Brownstone Energy



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