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azabache energy inc (3AOA) Snapshot

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04/16/14 - €0.10
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azabache energy inc (3AOA) Details

Azabache Energy Inc., a junior exploration company, acquires, explores, and develops petroleum and natural gas properties primarily in Argentina and Colombia. The company has interests in the three properties in Argentina, including the El Corte, an exploration permit covering an area of 334 square kilometers and is located in the Neuquén Basin, Neuquén province; the Covunco Norte-Sur, an exploration permit covering an area of 336 square kilometers and is located in the Neuquén Basin, Neuquén province; and Loma El Divisadero, an exploitation concession covering an area of 170 square kilometers and is located in the Neuquén Basin, Mendoza province. It also has exploration, development, and exploitation rights in two blocks in Colombia comprising La Mona, an exploration block covering 445 square kilometers and is located in the Lower Magdalena Basin; and Antares, an exploration block of 169 square kilometers and is located in the Upper Magdalena Basin. The company was formerly known as Argenta Oil & Gas Inc. and changed its name to Azabache Energy Inc. in January 2010. Azabache Energy Inc. is headquartered in Calgary, Canada.

azabache energy inc (3AOA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$145.1K
Chief Financial Officer
Total Annual Compensation: --
Vice President of Corporate Development
Total Annual Compensation: C$144.3K
Compensation as of Fiscal Year 2014.

azabache energy inc (3AOA) Key Developments

Azabache Energy Is Considering Multiple Alternatives

Azabache Energy Inc. (TSXV:AZA) continues to evaluate the best ways to finance the development of its assets. The various alternatives may involve a farm out, a strategic investor or some other transaction that will advance the interest of shareholders.

Azabache Energy Is Seeking Finance

Azabache Energy Inc. (TSXV:AZA) is looking for a long term partner to provide both funding and expertise in developing the Vaca Muerta properties.

Azabache Energy Inc. Announces Completion of Debt Financing

Azabache Energy Inc. announced that it has closed its previously announced senior unsecured interest-bearing debt financings in the principal amount of up to an aggregate of $2,365,000 with various arm's length and non-arm's length parties to the Corporation. The Debt Financings were issued to the Lenders at a discount of 6.98%, resulting in net proceeds to the company of $2,200,000.


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