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Mobius Resources Announces First Californian Asset Divestiture and Launch of New Website
Mobius Resources Announces First Californian Asset Divestiture and Launch of New Website ...
About this update from Sintana Energy Inc.
[{"type":"text","content":"Mobius Resources Announces First Californian Asset Divestiture and Launch of New Website \n\t\t\tbody { font-size: 11pt;\n\t\t\t}\n\n\t\t\t.nr-sub-head ul,\n\t\t\t.nr-body ul {\n\t\t\t\tlist-style-type: disc;\n\t\t\t\tmargin-left: 2em;\n\t\t\t}\n\n\t\t\t.nr-sub-head ol,\n\t\t\t.nr-body ol {\n\t\t\t\tmargin-left: 2em;\n\t\t\t}\n\t\t\t\n\t\t\t.nr-body p, .nr-body {margin-bottom: 0px;\n\t\t\t\t\t-webkit-margin-before: 0px;\n\t\t\t\t\t-webkit-margin-after: 0px;\n\t\t\t\t\tfont-family: Arial !important;\n\t\t\t\t\tfont-size: 11pt !important;\n\t\t\t } \n\n\t\t\ttbody {\n\t\t\t\tborder-top: 0;\n\t\t\t}\t\t\t\n\t\t\t \n\t\t\t H1 {font-weight: bold;\n\t\t\t\tfont-size: 16pt;\n\t\t\t }\n\t\t\t \n\t\t\t H2 {font-weight: bold;\n\t\t\t\tfont-size: 12pt;\n\t\t\t }\n\t\t\t \n\t\t\t H3 {font-weight: bold;\n\t\t\t\tfont-size: 11pt;\n\t\t\t }\n\t\t\t \n\t\t\t \n\t\t\t H1.nr-head {font-family: Trebuchet MS;\n\t\t\t \t\tfont-size: 16pt;\n\t\t\t \t\tcolor: #3D86C6;\n\t\t\t \t\tfont-weight:bold;\n\t\t\t \t\ttext-align:center;\n\t\t\t }\n\t\t\t \n\t\t\t H2.nr-sub-head {font-weight: bold;\n\t\t\t \t\tdisplay: block;\n\t\t\t \t\ttext-align: start;\n\t\t\t \t\tfont-family: Arial;\n\t\t\t\t\tfont-size: 12pt;\n\t\t\t }\n\t\t \n\t\t\t .nr-body a { font-size: 11pt; \n\t\t\t }\n\t\t\t \n\t\t\t TABLE { width: auto!important; \n\t\t\t }\n\t\t\n\t\t Mobius Resources Announces First Californian Asset Divestiture and Launch of New Website\n Calgary, Alberta (FSCwire) - Mobius Resources Inc. (“Mobius” or the “Company”) is pleased to announce that it has entered into a purchase and sale agreement related to a portion of its California acreage with a multi-national oil and gas producer.\n\n \n\nThe agreement involves the sale of approximately 4,285 net acres of land in the San Joaquin Basin for gross proceeds of approximately US$1.4 million (US$325/acre). Mobius will retain overriding royalty interests in the land of up to 2%.  The transaction, representing approximately 6% of the Company’s land holdings in California, is expected to close by June 5, 2014 and is subject to customary closing conditions and regulatory approvals.\n\n \n\nThe agreement further provides for Mobius to be reimbursed for approximately US$150,000 of recent land lease payments, and the Company will be relieved of a drilling obligation of appro...