StockMarketWire.com - Pennpetro Energy said it had increased its interest in a Texan oil field to 100%, up from 75%.
The stake was centred on the leasehold petroleum interests of Gonzales, southwest Texas, comprising the undeveloped central portion of the Gonzales oil field.
The interest was acquired from existing working interest parties pursuant to contractual obligations within a joint operating agreement, by crediting outstanding receivables.
Story provided by StockMarketWire.com
Shares Magazine

Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events

Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.