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EGPI Firecreek Divests Permian Basin Assets

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August 2, 2012

EGPI Firecreek, Inc. announced it has finalized its sale for a portion of its oil & gas interests to Mondial Ventures, Inc. for $1.15 million in a share issuance.

As previously reported, EGPI had entered into an Agreement to sell a portion of its working and net revenue interests to Cubo Energy, PLC. Recently, Cubo authorized the assignment of the Agreement over to U.S.-based Mondial Ventures, Inc. who has recently completed the transaction.

Terms for the purchase of the North 40 acres of the J.B. Tubb Leasehold Estate/Amoco Crawar field ...

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