Friday, August 03, 2012 10:40:24 PM
Solimar News, August 1, 2012
C$4 Million Funds released from Escrow
The Company intends to use the net proceeds of the offering principally to exploit its California oil
and gas discoveries in particular the 100% owned Kreyenhagen oil field redevelopment project.
http://www.solimarenergy.com.au/documents/120801_Escrow_Conditions_Met.pdf
August 2, 2012
The Company is currently participating in the production testing of three wells at its Paloma oil and gas discovery project and with a workover rig now contracted, will be commencing first phase production testing at its 100% owned Kreyenhagen oil field project within the next week.
http://www.solimarenergy.com.au/documents/120802_Appt_of_New_Board_Members.pdf
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