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Petrichor Energy Snags 50% Stake In Marble Falls Property

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October 25, 2012

Petrichor Energy Inc. (Toronto Venture: PTP) has entered into an amended and restated participation agreement with BlakEnergy Ltd. to acquire a 50% working interest in certain acreage (covering 11,895.65 acres) located in Young County and Jack County, Texas, known as the Marble Falls prospect.

Petrichor's participation in the prospect will be a 50% cost-bearing working interest through the first 10 wells, delivering the company a net revenue interest of approximately 37.5%. The company's working interest shall be burdened by a 5% carried working interest through the tanks in favor of ...

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