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Eaglewood Energy Announces Sale of Its Interest in PPL 260 to Exxon Mobil Subsidiary
Eaglewood Energy Inc. (TSX VENTURE:EWD) ("Eaglewood") is pleased to announce that it has executed an agreement to sell 20% of its 30% equity interest in PPL 260 in the PNG highlands to Esso PNG Exploration Limited ("Esso"), a subsidiary of Exxon Mobil Corporation. Eaglewood has also granted an option to Esso for the sale of its remaining 10% interest subject to certain conditions.

date.png18 Nov 2011 07:55 | comments.png 0 Comments | tags.png deals eaglewood exxon papua-new-guinea upstream [ More ]
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