Post by
m8magic on Oct 28, 2014 3:47pm
is drilling confirmed..??
If the Company is not able to spud the well by then, the Company must pay $50,000 to the property owner as an advance against the 6% gross overriding royalty ultimately payable on production from the property and will have until February 28, 2015 to spud the well.
Read more at https://www.stockhouse.com/news/press-releases/2014/10/08/petro-one-private-placements-closed-preparations-for-drilling-commenced#JkXLoiXBW5WtBh4R.99