Savoy Energy Corp (SNVP) 0.0001 $SNVP
Magellan Announces Potential Acquisition of CO2 Source and Poplar Pilot Update
Marketwired - Wed Dec 03, 5:05AM CST
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced that it has, through an affiliated entity, acquired an option to acquire a large CO2 reservoir called Farnham Dome located in Carbon County, Utah. Pursuant to the agreement, the seller, Savoy Energy, LLC, has granted Magellan the right to either purchase the field outright or purchase uncontracted CO2 at a fixed price. The option will expire on March 31, 2015, unless extended.
MPET: 5.46 (+0.04)
Magellan Announces Potential Acquisition of CO2 Source and Poplar Pilot Update
Marketwired - Wed Dec 03, 5:05AM CST
Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company"
today announced that it has, through an affiliated entity, acquired an option to acquire a large CO2 reservoir called Farnham Dome located in Carbon County, Utah. Pursuant to the agreement, the seller, Savoy Energy, LLC, has granted Magellan the right to either purchase the field outright or purchase uncontracted CO2 at a fixed price. The option will expire on March 31, 2015, unless extended. MPET: 5.46 (+0.04)