Great announcement from MKE this morning!
Highlights
•
F
arm
-
out
agreement executed with Canadian Pan Ocean Limited (
“
CPO
”
)
over Alberta
J
oint
V
enture
Duvernay
shale acreage
•
CPO to
carry Mako for a
significant
multi
-
well
farm
-
in
work program
me
over
three
years
under a
‘
rolling option
’
arrangement
•
CPO
planning
to invest
up to
C$220 million
on the
combined
Earning Well and
D
evelopment
Well work
program
me
over the next three years
•
Mako to retain
12.5%
Working I
nterest
o
f
farmed
-
in acreage
,
with an option to increase
up
to
a
20%
W
orking
I
nterest
•
Operatorship transfers to CPO and Mako set to reduce overheads
•
Significant near
-
term activity planned with
four
wells to be drilled in
2013
- Forums
- ASX - Day Trading
- daytrading march 5 pre-market
Great announcement from MKE this morning!...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online