EFCR .0079 EGPI/Firecreek, Inc. EXPLORER mit UKRAINE NEWS - 500 Beiträge pro Seite
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EGPI/Firecreek, Inc. Signs Formal Pact on Key Ukraine Projects
Wednesday March 14, 8:00 am ET
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--EGPI/Firecreek, Inc. (OTCBB: EFCR - News) is pleased to announce today the signing of a formal Memorandum of Understanding with Star Energy Corporation (OTCBB: SERG - News), regarding projects located in the Ukraine.
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As previously reported, the Company has historically been working on establishing rights to develop and rehabilitate certain oil field acquisition programs in the Ukraine. Pursuant to the Definitive Agreement, Star will acquire from the Company, Anglo Ukra Energy Ltd., a reserved special purpose Ukrainian Holding Name for the acquisition and development of its Ukrainian projects.
As part consideration for transferring Anglo Ukra to Star Energy, the Company would initially receive between $2-3 million of Star Energy common stock.
This transaction shall be subject to certain conditions including board, shareholder, requisite third-party approvals, consent by the Ukrainian Government and the execution of a Definitive Agreement. The parties have agreed to use their best efforts in consummating this transaction within the next 60 days.
EGPI/Firecreek Inc. through its Firecreek unit is focused on oil production with an emphasis on acquiring existing oil fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis. Other companies in the oil sector include, Pantina Oil and Gas Inc. (POG), Frontier Oil Inc. (FTO) and Cabot Oil & Gas Inc. (COG).
Star Energy Corporation is a U.S.-based public oil and gas exploration company. One hundred percent (100%) of the company's assets are located in Russia and Eastern Europe, primarily the Samara region of Russia. The company is pursuing a strategy of seeking additional investment and acquisition opportunities in Russia and Eastern Europe with the goal of providing Western investors with access to a portfolio of natural resource licenses and operating companies. Additional information about the company can be found at www.starenergycorp.com.
Wednesday March 14, 8:00 am ET
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--EGPI/Firecreek, Inc. (OTCBB: EFCR - News) is pleased to announce today the signing of a formal Memorandum of Understanding with Star Energy Corporation (OTCBB: SERG - News), regarding projects located in the Ukraine.
ADVERTISEMENT
As previously reported, the Company has historically been working on establishing rights to develop and rehabilitate certain oil field acquisition programs in the Ukraine. Pursuant to the Definitive Agreement, Star will acquire from the Company, Anglo Ukra Energy Ltd., a reserved special purpose Ukrainian Holding Name for the acquisition and development of its Ukrainian projects.
As part consideration for transferring Anglo Ukra to Star Energy, the Company would initially receive between $2-3 million of Star Energy common stock.
This transaction shall be subject to certain conditions including board, shareholder, requisite third-party approvals, consent by the Ukrainian Government and the execution of a Definitive Agreement. The parties have agreed to use their best efforts in consummating this transaction within the next 60 days.
EGPI/Firecreek Inc. through its Firecreek unit is focused on oil production with an emphasis on acquiring existing oil fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis. Other companies in the oil sector include, Pantina Oil and Gas Inc. (POG), Frontier Oil Inc. (FTO) and Cabot Oil & Gas Inc. (COG).
Star Energy Corporation is a U.S.-based public oil and gas exploration company. One hundred percent (100%) of the company's assets are located in Russia and Eastern Europe, primarily the Samara region of Russia. The company is pursuing a strategy of seeking additional investment and acquisition opportunities in Russia and Eastern Europe with the goal of providing Western investors with access to a portfolio of natural resource licenses and operating companies. Additional information about the company can be found at www.starenergycorp.com.
+40%
nette news heute....super volumen heute...könnte mal was werden
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