Black Rock strikes Las Quinchas deal
By Upstream staff
AIM-listed Black Rock Oil & Gas settled a deal which will see it push ahead with the development of the Las Quinchas Association contract in Colombia's Middle Magdalena Valley.
Canada's Prospero Hydrocarbons will invest up to $4 million in return for a 49% stake in Las Quinchas Resource Corporation, which now holds Black Rock's interests in the contract, it said in a release.
Prospero's management will also help with technical evaluations and a Prospero nominee will join the Black Rock board.
Wednesday, 27 February, 2008, 10:11 GMT | last updated: Wednesday, 27 February, 2008, 10:11 GMT


