Under the deal, the unnamed farminee, which has been described as a “well financed” Canadian company listed on the Toronto Stock Exchange, will make a cash payment plus fund an initial project phase to earn a 15% stake in a 6.96-square kilometre area of the Kreyenhagen field. This represents about 12% of the total Kreyenhagen project acreage, of which Solimar will maintain operatorship.
This
