| Home : Vast Exploration Inc. Closes 10% Acquisition of Exploration Block in the Putumayo Basin of Colombia |
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May 17
2011 |
Vast Exploration Inc. Closes 10% Acquisition of Exploration Block in the Putumayo Basin of Colombia |
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CALGARY, ALBERTA--(Marketwire - May 17, 2011) - Vast Exploration Inc. ("Vast" or the "Company") (TSX VENTURE:VST) is pleased to announce that it has closed its previously announced farm-out of a 90% interest in the Putumayo Basin of Colombia Block (the "Block") to a wholly-owned subsidiary of Sagres Energy Inc. ("Sagres") in consideration for the Company retaining a 10% carried interest during the first exploration phase (the "Carried Interest") (See News Release dated April 20, 2011). |
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| Source:http://www.marketwire.com/mw/release.do?id=1515814&sourceType=3 |
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