Interoil closed an agreement with Roch under which it acquired an 8.34% interest from the latter in 5 (yet-undesignated) mature prod. leases in the Austral Basin, designated Santa Cruz Sur Assets. The USD 1 MM deal was paid in shares.   It is recalled a similar deal had been reached with Echo Energy in 4Q '19, namely the latter acquiring a 70% stake from Petrolera El Trebol in 5 Roch-operated mature producing blocks in Santa Cruz Sur, adjacent to Echo's existing Tapi Aike unit.
Interoil closed an agreement with Roch under which it acquired an 8.34% interest from the latter in 5 (yet-undesignated) mature prod. leases in the Austral Basin, designated Santa Cruz Sur Assets. It is recalled a similar deal had been reached with Echo Energy in 4Q '19, namely the latter acquiring a 70% stake from Petrolera El Trebol in 5 Roch-operated mature producing blocks in Santa Cruz Sur, adjacent to Echo's existing Tapi Aike unit.