Have to post that again, buried at the bottom of their press..
BLFR .34
Resource Rock will hold a 12.5% interest of the Bedias Creek and Gin Creek South assets, leaving Screaming Eagle Partners, LLC. (“Screaming Eagle”) with 77.5%. Screaming Eagle received $450,000 in cash compensation for the 12.5% interest obtained by Resource Rock with an additional $1,000,000 commitment to fund workovers and recompletions on wells owned by Screaming Eagle with an additional $1,650,000 if elected to do so. Resource Rock’s trail of success and operational expertise will greatly enhance the ability of Screaming Eagle to secure reserve-based loans from exploration & production banks, obtain additional investment capital needed to increase production, and close key acquisitions necessary for Screaming Eagle to strategically acheive its vision of no less than 10,000 bbls/day of sustained production by year end 2024.
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