Under a deal made with an unnamed “Canadian intermediate oil and gas company”, Artek and Kelt will each take a 50% stake in the acreage located at Fireweed.
As with the Inga project, Artek will be the operator of the Fireweed property, which includes gross production of about 1200 barrels per day of oil equivalent.
In consideration for the acquisition, which is expected to close near the end of next week, each company will pay $15.5
