Australia’s Azonto Petroleum Ltd. is acquiring Calima Energy Ltd. from Havoc Partners for $1.3 million, thereby assuming Calima’s 4.5% WI in a Montney JV through its 11% ownership of TMK Montney Ltd. Azonto plans to spend $25 million over the next three years to earn up to 55% WI in the project through a three-stage farm-in agreement. Azonto will become operator of the project and change its name to Calima Energy upon re-listing, which......
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