| Brownstone Announces Expiration of the Gabriella License, Offshore Israel | |
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TORONTO, ONTARIO--(Marketwired - Sep 29, 2014) - Brownstone Energy Inc. (TSX VENTURE:BWN)(BWSOF) (the "Company" or "Brownstone") announces that it has been informed by its joint venture partners on the Gabriella License that the Petroleum Commissioner in the Ministry of National Infrastructure, Energy and Water of the State of Israel (the "Ministry") provided notice that the Gabriella License has expired, without a further extension being granted, due to the milestones in the work program not being achieved. Brownstone had a 15% interest in the license. Notice was also provided by the Ministry that the Yam Hadera License, in which Brownstone has an option to acquire a 10% interest, has expired for the same reasons. The joint venture partners are evaluating the options available to them, including the filing of an appeal of the Ministry's decisions not to extend the licenses. About Brownstone Brownstone Energy Inc. is a Canadian-based, energy focused company with direct interests in oil and gas exploration projects, including varying interests in one off-shore Israel concession as well as other oil and gas interests worldwide. By owning and managing a diversified portfolio of energy-based projects, Brownstone provides shareholders with a unique energy alternative. For additional information, please see Brownstone's website: www.brownstoneenergy.com.
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Brownstone Energy Inc.
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EXPLORATEUR |
CODE : BWN.V |
ISIN : CA1161411022 |
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Brownstone Energy est une société d’exploration minière basée au Canada. Brownstone Energy est productrice de gaz et de pétrole en Colombie. Son principal projet en production est CANAGUARO en Colombie et son principal projet en exploration est PICEANCE en Colombie. Brownstone Energy est cotée au Canada. Sa capitalisation boursière aujourd'hui est 3,9 millions CA$ (3,1 millions US$, 2,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 3,54 CA$, et son plus bas niveau récent le 13 février 2015 à 0,01 CA$. Brownstone Energy possède 129 789 992 actions en circulation. |