Petrol Ofisi, Toreador Resources agreement in doubt
Jan. 7, 2009
Toreador Resources has been notified by Petrol Ofisi, the buyer of its 26.75% interest in the South Akcakoca sub basin project, that they believe certain material adverse changes have occurred under the assignment agreement and that a condition precedent to the closing of the transaction has not been fulfilled.
Offshore staff
DALLAS -- Toreador Resources has been notified by Petrol Ofisi, the buyer of its 26.75% interest in the South Akcakoca sub basin project, that they believe certain material adverse changes have occurred under the assignment agreement and that a condition precedent to the closing of the transaction has not been fulfilled.
Petrol Ofisi has also requested mutual discussions for resolution of the issues at a meeting to be held on Jan. 9.
