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New Stratus Energy Inc V.NSE

Alternate Symbol(s):  RDRIF

Energy Oil & Gas E&P
New Stratus Energy Inc. is a Canada-based oil and gas company focused on Latin America. The Company is engaged in the acquisition, exploration, and development of oil and gas properties. It holds approximately 50% indirect interest in GoldPillar International Fund SPC Ltd. (GoldPillar). GoldPillar, in turn, holds a 40% equity stake in Petrolera Vencupet, S.A. (Vencupet). Vencupet holds the rights for oil production in six fields located in Eastern Venezuela, which include Adas, Lido, Limon, Leona, Oficina Norte and Oficina Central (the Fields) all located onshore in the Anzoategui and Monagas States. The Fields are located onshore in the Eastern Venezuela Basin and have an aggregate area of 794.2 square kilometers (km2). It also entered into a definitive agreement to acquire over 49% equity stake in Operaciones Petroleras Soledad S.de R.L. de C.V. (OPS), a private oil and gas company in Mexico. OPS is the third-party contractor and operator of a hydrocarbons production contractor.


TSXV:NSE - Post by User

New Stratus Energy Inc > Eastern Venezuela
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Comment by stiffupperlipon Aug 09, 2023 5:47am
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Post# 35578891

RE:RE:RE:Eastern Venezuela

RE:RE:RE:Eastern VenezuelaThanks Kevin - will be keenly interested in getting your assessment of this opportunity after more information is released to the public. As I understand all they have right now is an MOU - a start but likely more hurdles to come.
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