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Vast Announces Appointment of Two Additional Directors to its Recently Expanded Board of Directors
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Vast (VSTE) Announces Appointment of Two Additional Directors to its Recently Expanded Board of Directors
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Brazil: Enauta Brings Another Atlanta Field Well Back
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Brazil: ANP approves Enauta s take over of a 100 percent stake in the Atlanta field in Block BS-4
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Brazil: Enauta receives ANP approval and takes over 100 percent working interest in Atlanta field
09 Apr 2021
Enauta has announced that, following thematerial fact published on December 21, 2020, the National Agency for Petroleum, Natural Gas and Biofuels (ANP) approved the assignment of the 50% working interest from
Barra Energia in the
Enauta Energia, a wholly-owned subsidiary of the Company.
The definitive conclusion of the transfer is conditional upon settling the warrantiesand signature of the addendum to the Concession Agreement. Once concluded the transfer, Enauta will hold a 100% working interest in the Atlanta field. The agreement signed with Barra Energia also provides for the transfer of US$43.9 million to Enauta Energia, related to the abandonment operations for the three wells and decommissioning of existing facilities in the Field.