Stallion deals into California game

US consortium the Stallion Group has inked a deal with Production Specialties to participate in a natural gas prospect in California.

Under the terms of the farm-in agreement, Stallion will pay 12.5% of the costs of the first well to earn a 6.5% interest. Thereafter, Stallion will pay 6.5% of the costs of future wells to earn 6.5%. Stallion has participated in the drilling of the first well, located in North Sacramento Valley, and encountered a number of prospective pay zones.

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