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Bullboard - Stock Discussion Forum Tuscany International Drilling Inc T.TID

Energy Oil & Gas Equipment & Services

TSX:TID - Post Discussion

Tuscany International Drilling Inc > PMG remains in BRAZIL with its new Company
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Post by veronikagermany on Oct 03, 2013 12:03pm

PMG remains in BRAZIL with its new Company

PMG was acquired by PRE but a new company will be formed by PMG's  BRAZILIAN assets.

PRE is buying  PMG,  excluding  the  BRAZILIAN assets. 

PMG is already TID's customer. By  keeping the BRAZILIAN assets,  all the CapEx  will be spent there in Reconcavo onshore Basin! 




"the total value of the deal, including net debt, is about C$1.6 billion, Petrominerales said in a statement. Petrominerales holders will also receive one share in ExploreCo, which is being formed with the company’s Brazilian assets and C$100 million in cash."
Comment by michelleb33 on Oct 03, 2013 2:21pm
Hey Veronika my gwg needs a pumper on that board .You can post significant news is coming in days. lol.             Where the f is the news VJ .    hahaha
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