Raven settles well cost dispute for Tulainyo-2 well

RAVEN Energy has settled claims with California Resources following last year’s revelation that the Tulainyo gas project had overrun, with Raven subsidiary Gas Fields failing to pay the required completion funds for the drilling of the Tulainyo-2 well in the Sacramento Basin, California.

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In September, Raven's other wholly owned subsidiary Bombora Natural Energy was notified that Gasfields had failed to pay its share of costs for the drilling operations and owed California