Headlines for Oct. 6, 2017

  1. Mexico Sorting Out Dispute On Extension Of Zama

    The shift away from dominance by a state-owned monopoly over Mexico’s oil and gas industry to one in which more private sector firms participate is being threatened by a legal and bureaucratic fight over whether a two billion bbl offshore find by private firms extends into a block held by state-owned Petroleos Mexicanos (Pemex).

  2. Traverse Announces Private Placement Financing

    Traverse Energy Ltd. intends to complete a non-brokered private placement of up to 7.6 million common shares be issued on a flow through basis eligible for the renunciation of Canadian exploration expenses within the meaning of the Income Tax Act (Canada) at 46 cents per share for total gross proceeds of approximately $3.5 million.

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