Point Loma Resources Ltd (CVE:PLX) CEO Terry Meek tells Proactive Investors the oil and gas company has announced that its partner on the Wizard Lake Rex oil project has agreed to a two-well farm-in transaction to fund drilling and setup costs.
Meek says its partner, Salt Bush Energy Ltd, has agreed to incur 100% of the costs to drill, and complete and equip the two wells. Production is set to begin quite soon, in June 2019.
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Horizonte Minerals PLC's (LON:HZM) (TSX:HZM) Jeremy Martin looks back on what's been an 'exciting and active' year at its projects in Brazil. ''There are very few new assets out there on the scale of Araguaia or Vermelho''. ''Our key objectives for 2020 are the financing...
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