GREY:CUDBF - Post by User
Post by
JohnnyQueon Jul 29, 2014 3:08am
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Post# 22789681
Plenty of cash to bid on land sales ..onward...
Plenty of cash to bid on land sales ..onward...The Agreement provides that the proceeds from PP#1 will be used in part to pay drilling, completion and equipping costs for one horizontal well on Petro One’s “J5” Milton land, estimated at ~$1,200,000, but that such well and 100% of production from such well be belong to Petro One. The balance of the net proceeds from PP#1 will be available for use by Petro One for its general working capital purposes.
Read more at https://www.stockhouse.com/companies/bullboard/v.pop/petro-one-energy-corp#GQggGa6HPZfX2a1R.99