Business

Peoria Resources, LLC entered into Membership Interest Purchase Agreement with Verdad Resources Feeder LLC in an all equity transaction

Peoria Resources, LLC ("Peoria"), a subsidiary of JAPEX (U.S.) Corp. ("JUS"), the overseas consolidated subsidiary of Japan Petroleum Exploration Co. Ltd. ("JAPEX"), today announced the signing of a Membership Interest Purchase Agreement ("MIPA") to acquire the operated oil and gas business of Verdad Resources Intermediate Holdings, LLC ("Verdad") in the Colorado DJ Basin. The signing of the MIPA with Verdad is aligned with Peoria's strategy to acquire operated assets and leasehold acquisitions