GREY:CUDBF - Post by User
Comment by
m8magicon Oct 23, 2014 11:23am
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Post# 23054404
RE:RE:RE:RE:So, I have been snooping around and picked up
RE:RE:RE:RE:So, I have been snooping around and picked upshould be in a position to spud the earning well on the contiguous property on or before October 31. 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#T13QdWE3jDVeveGg.99