Cobra Oil & Gas Buys 37.5% Working Interest in Utah Oil Sands Prospect
M & A Navigator › June 11, 2010
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MANAVIGATOR-August 6, 2009-Cobra Oil & Gas buys 37.5% working interest in Utah Oil Sands prospect (C)2010 M2 COMMUNICATIONS http:/ /www.m2.com
US exploration-stage company Cobra Oil & Gas (OTC:CGCA) said on Wednesday it has completed the purchase of a 37.5% working interest in the Utah Oil Sands prospect in Uintah county, Utah, from its Nevada-based partner Enercor. Cobra will pay for the stake with 300,000 shares of its common stock. The group plans to include this lease in its development activities involving adjacent leases. Cobra Oil & Gas is a Houston-based independent oil and gas exploration and production company. Sector: Petroleum/Natural Gas/Coal Type: Stakebuilding, Divestment Financing: All-stock Target: Utah Oil Sands prospect Buyer: Cobra Oil & Gas Co Vendor: Enercor Inc Status: ClosedSee the full content of this document
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Cobra Oil & Gas Buys 37.5% Working Interest in Utah Oil Sands Prospect
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