Maurel et Prom : Maurel & Prom, MPI and Pétrolia sign joint venture agreement
(Thomson Reuters ONE) -
Paris, 19 July 2013
N° 15-13
Maurel & Prom, MPI and Pétrolia sign joint venture agreement
The companies Pétrolia, Maurel & Prom and MPI, through a pooled investment
company, are pleased to announce that they have signed a 50/50 joint venture
agreement for the development of thirteen hydrocarbon exploration permits in
Gaspésie. Maurel & Prom and MPI have assigned this operation to Saint-Aubin
Énergie S.A.S., a collective investment undertaking, two-thirds of which is
owned by MPI and one-third by Maurel & Prom.
The partners will also pursue talks aimed at expanding their partnership to
other regions in Quebec that will be added to the current permits, which now
cover an area of 1,892 km(2) in Gaspésie. These permits are aimed primarily at
unconventional reservoirs, but that is not to say that traditional deposits will
be ruled out.
Over the coming months, the Pétrolia and Maurel & Prom technical teams will work
on designing a voluntary exploration programme.
They will pool their technical expertise in exploration and production while
initially entrusting the role of operator in charge of implementation to
Pétrolia.
About Pétrolia
Pétrolia is a junior oil and gas exploration company that owns interests in a
14,000 km(2) (3.5 million acre) area, representing around 17% of the land in
Quebec under permit. These rights, which are considered highly promising, are
mostly located on the Gaspé Peninsula and on Anticosti Island. They represent
nearly 70% of the land under permit for which there is onshore oil potential in
Quebec. Pétrolia has 69,431,372 shares issued and outstanding and working
capital of US$4,000,000.
For more information: www.maureletprom.fr
Communication:
INFLUENCES
Tel : 01 42 72 46 76
Mail : communication(at)agence-influences.fr
This document may contain forward-looking statements regarding the financial
position, results, business and industrial strategy of Maurel & Prom. By nature,
forward-looking statements contain risks and uncertainties to the extent that
they are based on events or circumstances that may or may not happen in the
future. These projections are based on assumptions we believe to be reasonable,
but which may prove to be incorrect and which depend on a number of risk factors
such as, fluctuations in crude oil prices, changes in exchange rates,
uncertainties related to the valuation of our oil reserves, actual rates of oil
production and the related costs, operational problems, political stability,
legislative or regulatory reforms, or even wars, terrorism and sabotage.
Maurel & Prom is listed for trading on Euronext Paris - Compartment A CAC® mid
60 - SBF120® - CAC® Mid & Small - CAC® All-Tradable - CAC® All-Share
Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
SAE_19JUILLET13_EN.pdf:
http://hugin.info/155421/R/1717693/571235.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Maurel et Prom via Thomson Reuters ONE
[HUG#1717693]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2013 - 17:44 Uhr
Sprache: Deutsch
News-ID 280135
Anzahl Zeichen: 4073
contact information:
Town:
Paris
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 202 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Maurel et Prom : Maurel & Prom, MPI and Pétrolia sign joint venture agreement"
steht unter der journalistisch-redaktionellen Verantwortung von
Maurel et Prom (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
