Past year: ▲ 0%(0.01c – 0.01c USD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Aug 2008farm in farm out agreement▼ Bad
The Amerpro farm-out deal was amended to push back the closing date to August 28, 2008 and cut the near-term fee Amerpro owed the company from $1.2 million to $260,000 - a weaker deal than originally struck.
16 June 2008farm in farm out agreement▲ GoodMajor
Gulf Western Petroleum farmed out four planned wells on its Wharton County, Texas leases to Amerpro Industries, which would fund 100% of drilling costs in exchange for the bulk of the working interest; Amerpro also agreed to pay the company a $1.2 million fee for the opportunity.
