MARKETS

Black Mountain Energy completes sale of Permian Basin interest

BLACK Mountain Energy has received a $10.4 million injection into its coffers after wrapping up the sale of 100% of the acreage and its title and interest in the MIA 64 FEE 2H well in the Permian basin in the USA.

Colin Hay

Black Mountain Energy completes sale of Permian Basin interest

The company's wholly owned subsidiary Seven Rivers Operating LLC had initially executed a binding sale and purchase agreement with Tap Rock Resources III LLC in late August. The funds from the Half...

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