2016

 

2015

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Archives

   
20162015201420132012201120102009Archives
FURTHER UPDATE OF TWE
 
FURTHER UPDATE OF TWE

Tuesday, 15 October 2013

Further to the Company’s news release of September 9, 2013 relating to TerraWest Energy Corp.’s  (“TWE”) notice to China National Petroleum Corporation (CNPC) of referral of an unresolved  land dispute matter to arbitration, the Company is initiating steps to protect the interests of its shareholders.

The Company holds 73,333,334 common and 700,000 preferred shares of TWE equivalent to 22.28% of the undiluted equity of TWE. The basis for the arbitration referral and the surrounding circumstance are of interest to the Company due to the potential impact the circumstances and/or an arbitration outcome may have on future economic benefits to TWE and its shareholders.

The Company has therefore requested TWE to provide a summary of the arbitration situation and initiated correspondence to CNPC indicating the Company has an interest in the circumstances and a significant stake in the outcome of any procedural matters and will not hesitate to act on its own to protect the interests of its shareholders.

Subscribe to stay up-to-date on Petromin's latest announcements and official news releases.

name:

email:

profile:

Investor

Investment broker

Analyst

Media

Other

Petromin attends 2007 World Energy & Chemicals Exhibition Conference (WECEC) in Kuwait
 
Learn more >

Petromin commenced CBM wells in China
 
Learn more >
© 2008 Petromin Resources Ltd. All rights reserved. | tsx.v : PTR
contact us|disclaimer