Tarba has agreed to acquire Petroleum Oil & Gas EspaÃ±a's 100% in the El Romeral-1, -2 & -3 prod leases totalling 310 sq km in AndalucÃ­a, Guadalquivir Basin. The USD 837,000 deal was signed Dec '19, to be retro-effective Jul '19 upon approval of the transfer by the authorities, still awaited. A further USD 279,000 will be due for each of the next 3 wells to be drilled. Tarba is owned by Warrego Egy + Prospex O&G.
Tarba has agreed to acquire Petroleum Oil & Gas EspaÃ±a's 100% in the El Romeral-1, -2 & -3 prod. leases totalling 310 sq km in AndalucÃ­a.