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Monitor Energy signs $120m HOA

29-July-10 by Staff Reporters

Monitor Energy has signed a $120 million Heads of Agreement (HOA) with SOCA Petroleum to acquire a 90 per cent interest in three production licences in producing onshore oilfields in Trinidad.

The HOA will see Monitor Energy take the interest in a company whose wholly owned subsidiaries hold production licences for the oilfields and a major local drilling company.

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