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BEE Bee Vectoring Technologies International Inc

0.365
0.00 (0.00%)
13 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bee Vectoring Technologies International Inc TSXV:BEE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.365 0.355 0.37 0 00:00:00

Benchmark Energy to Farm-In to BrazAlta Resources' Espirito Santo Brazilian Blocks

04/09/2008 2:00pm

Marketwired Canada


THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED
STATES NEWS SERVICES. 


Benchmark Energy Corp. ("Benchmark"), (TSX VENTURE:BEE) and BrazAlta Resources
Corp. ("BrazAlta"), (TSX VENTURE:BRX) report that Benchmark has entered into a
farm-in agreement with BrazAlta whereby Benchmark can earn a 60% interest in
BrazAlta's Espirito Santo Blocks 318, 362, and 380 by funding 100% of an 83-km
2D seismic shoot. The estimated cost of the 2D seismic shoot is approximately
US$1.7 million; the seismic program has already commenced.


The 3 blocks are found onshore within a proven petroleum region of the Espirito
Santo Basin in eastern Brazil, nearby to numerous producing fields. Benchmark
will fund the seismic program in Brazil out of a portion of the proceeds from
the sale of its Cosmos interest in Tunisia; the Tunisia sale is expected to
close in the near future.


While Benchmark intends to continue to seek farm-in and acquisition
opportunities in Colombia, the farm-in to the BrazAlta blocks represent a first
step by Benchmark into a new country in Latin America.


Benchmark is a junior Canadian oil and gas exploration company, focused
internationally.


BrazAlta is a publicly traded Canadian based international oil and gas
corporation with operations in Brazil, Northern Ireland and Canada. For
additional information, please visit BrazAlta's website: www.brazalta.com.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy the securities in any jurisdiction.


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1 Year Bee Vectoring Technologies Chart

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