Tag Archive | "market commodity"

LNG Energy signs LOI for Palo Duro assets

Wednesday, September 10, 2008

LNG Energy reports that it has signed a letter of intent with Tyner Resources whereby it has agreed to transfer to Tyner all of its 15% working interest in oil and gas leases in the Palo Duro Basin. In consideration of the transfer of the interest (the “Transaction”), Tyner has agreed to issue, subject to regulatory approval, 9,378,208 common shares in [...]

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