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VALE Vale SA

12.61
0.09 (0.72%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Vale SA NYSE:VALE NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.09 0.72% 12.61 12.67 12.45 12.65 23,144,400 00:30:38

Baron Oil Signs Pact for Peruvian License

10/09/2014 8:18am

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LONDON--Baron Oil PLC (BOIL.LN) said Wednesday that it now owns 100% working interest in Peruvian oil and gas license, Block XXI, pursuant to a farm-out agreement with Vale Oil and Gas.

Under the agreement, Vale Oil will transfer its entire 70% working interest in Block XXI to Baron Oil, and will also pay $3.5 million.

Write to Tapan Panchal at tapan.panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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