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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

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