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.
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