PetroHunter Energy Corporation Announces Extension of Closing Date Under Purchase and Sale Agreement With Laramie Energy II, LLC to May 31 in Order to Complete Pre-Closing Matters
Posted on: Thursday, 15 May 2008, 15:00 CDT
PetroHunter Energy Corporation (OTCBB: PHUN) ("PetroHunter") announced that it has entered into an amendment of the Purchase and Sale Agreement with Laramie Energy II, LLC to extend the closing date to no later than May 31, 2008 to complete certain pre-closing conditions.
As previously announced, PetroHunter's Southern Piceance properties covered by the sale consist of approximately 1,059 net acres in Garfield and Mesa Counties, Colorado, including 16 wells which have been drilled, but not completed or connected to a pipeline. PetroHunter retains all its interest in eight producing wells in Garfield County, which are operated by EnCana Oil & Gas (USA), Inc.
About PetroHunter Energy Corporation
PetroHunter Energy Corporation, through the operations of its wholly-owned subsidiaries, PetroHunter Operating Company and Sweetpea Corporation Pty Ltd, is a global oil and gas exploration and production company with primary assets consisting of various oil and gas leases and related interests, including over 21,000 net mineral acres in Colorado and over 7,000,000 net mineral acres in Australia. For more information please visit www.petrohunterenergy.com.
About Laramie Energy II, LLC
Laramie Energy II, LLC is a Denver-based oil and gas exploration and production company with established operations in the Piceance Basin, Colorado, an area where its operating team has focused since 2004. For more information on Laramie, please see www.laramie-energy.com.
Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and other factors over which PetroHunter Energy Corporation, or any of its subsidiaries, has little or no control.
Contacts: PetroHunter Energy Corporation Corporate Address 1600 Stout Street, Suite 2000 Denver Colorado 80202 USA Phone (303) 572-8900 Fax (720) 889-8371 Charles B. Crowell Chairman and CEO (303) 572-8900 David E. Brody Vice President and General Counsel (303) 572-8900 Investor Relations Contact: Bevo Beaven Sr. Vice President/General Manager CTA Integrated Communications (303) 665-4200
SOURCE: PetroHunter Energy Corp.
Source: MARKET WIRE
Related Articles
- Companies West Group Inc. Invests in Alternative Energy Company -- Welwind Energy International Corporation
- Energy East Corporation Announces Second Quarter 2008 Financial Results
- Rentech Energy Midwest Corporation Secures $53 Million in Total Debt Financing
- Energy East Corporation Announces First Quarter 2008 Financial Results
- Energy East Corporation Announces 2007 Financial Results
- Tremisis Energy Acquisition Corporation and RAM Energy, Inc. Consummate Merger
- Tremisis Energy Acquisition Corporation Directors Announce Purchase Plan
- Tremisis Energy Acquisition Corporation and RAM Energy, Inc. Agree to Business Combination
- Tortoise Energy Capital Corporation Announces Full Investment of Base and Reaffirms Guidance
- Tortoise Energy Capital Corporation Announces First Quarterly Dividend and Conference Call
 |
 |
User Comments (0)
RSS Feeds