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ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."


TSXV:RPT - Post by User

Comment by Bookendson Nov 13, 2016 12:23am
234 Views
Post# 25454138

RE:RE:RE:First paiement

RE:RE:RE:First paiementOur cash should be comming out of the escrow account relatively shortly:

''Included in the purchase price is US$2.25 million which was placed in escrow and will be released to ArPetrol in November 2016 following the six-month indemnity period.  To date the Company has received notification of a proposed adjustment to the escrow of US$55,000 for Argentina stamp-taxes.  The Company remains exposed to other claims against the escrow account until mid November, 2016.''
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