- Centaurus Energy (CTA) signs agreement to perform well workovers in Puesto Morales Rinconada with REFINAR SA
- This agreement will fund workover operations in the Rinconada-Puesto Morales blocks in the Province of Rio Negro
- The transaction includes a pre-purchase of oil by Refinar to fund the scheduled workover activity
- Centaurus has terminated the agreement with Humble Energy S.A., where news was first released on September 27, 2021
- Centaurus is an independent upstream oil and gas company
- Centaurus Energy Inc. (CTA) is trading at C$0.01 at 3:03 pm ET
Centaurus Energy (CTA) has signed an agreement with REFINAR S.A., an oil and gas corporation based in Argentina.
This agreement will fund workover operations in the Rinconada-Puesto Morales blocks in the Province of Rio Negro.
The transaction includes a pre-purchase of oil by Refinar, to fund the scheduled workover activity.
In addition, Centaurus has terminated the agreement with Humble Energy S.A., where news was first released on September 27, 2021, as amended.
Centaurus’ CEO David Tawil commented on the news.
“In recent months, we have successfully exited our largest, most capital-intensive asset in Coiron Amargo Sur Este, with a resulting overriding royalty revenue stream; and we have settled and discharged our largest contingent liability in Curamhuele.”
“In the current strong oil environment, it is focused on developing its conventional oil and gas assets for all of its stakeholders,” added Tawil.
Centaurus is an independent upstream oil and gas company with conventional and unconventional oil and gas operations in Argentina.
Its shares trade on the TSXV under the symbol CTA and on the OTC Pink Market under CTARF.
Centaurus Energy Inc. (CTA) is trading at C$0.01 at 3:03 pm ET.