Lexam's JV partner, Petro Hunt, gives up huntLexam's JV partner, Petro Hunt, gives up hunt on Baca
2004-12-07 17:41 ET - News Release
Mr. Brad Boland reports
LEXAM EXPLORATIONS INC.: BACA OIL & GAS PROJECT
Lexam Explorations Inc. has been informed by Petro Hunt LLC that its joint venture partner on the Baca oil and gas project, has decided against further exploration and development of the project. Petro Hunt has spent over $350,000 (U.S.) on the 2-D seismic data acquisition, processing and modelling. Lexam has requested that it be provided with any new data on the property that have been produced by Petro-Hunt.
Lexam will review these data before formulating new plans for continuing work on this oil and gas project.