Mesa Energy sells off Poydras Energy

Mesa Energy has reached an agreement to transfer its ownership interest in Poydras Energy at no cost to the prior owners of the company in exchange for a release of any responsibility for liabilities and contractual obligations.

Jun 2nd, 2009

Offshore staff

DALLAS -- Mesa Energy has reached an agreement to transfer its ownership interest in Poydras Energy at no cost to the prior owners of the company in exchange for a release of any responsibility for liabilities and contractual obligations. The effective date of the transaction is June 1.

As a result, Mesa will no longer be involved in the Main Pass 35 project or the IP No. 1 well.

06/02/2009

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