Greenhawk Purchases $2.7M Debenture and Signs Letter of Intent With CG International Petroleum for an Option to Earn an Interest in Certain Oil & Gas Wells in the Doba Basin, Chad
TORONTO, March 15, 2024 (GLOBE NEWSWIRE) — Greenhawk Resources Inc. (“Greenhawk” or the “Company”) (CSE: GRHK) is pleased to announce that it has purchased a C$2,700,000 debenture (the “Debenture”) from CG International Petroleum Corp. (“CGIP”). In connection with the Debenture, CGIP and Greenhawk have executed a letter of intent dated March 11, 2024 and accepted by CGIP on March 14, 2024, whereby the Company will receive a farm-in option (the “Transaction”) for up to twelve (12) oil and gas exploration and development wells in the Doba Basin, Chad (the “Doba Project”). The wells are within the DOC and DOD blocks which are held by a subsidiary of CGIP through an Exclusive Exploration Authorization (“EEA”).