- Write by:
-
Tuesday, August 14, 2018 - 2:22:50 PM
-
787 Visit
-
Print
Mining News Pro - Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma.
Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma.
Franco-Nevada says it will contribute about US$220 million for the acquisition of existing mineral rights owned by a Continental subsidiary and has committed, subject to satisfaction of agreed-upon development thresholds, to spend up to US$100 million per year over the next three years to acquire additional mineral rights to be jointly held in a newly-formed company.
- Source: http://www.canadianminingjournal.com
Short Link:
https://www.miningnews.ir/En/News/237654
No comments have been posted yet ...