Clear Mountain Resources Corp. announces that further to its news release of March 12, 2014 the transaction involving the acquisition of certain oil and gas assets in Osage County, Oklahoma from Performance Energy Resources, LLC ("PERL") will not occur. In addition, the Company did not make the additional payment on the Hominy Creek concession and [...]
Clear Mountain Resources Corp. announces that the closing date on or before which the Company's acquisition of certain oil and gas assets in Osage County, Oklahoma was to take place under the Company's previously disclosed letter of intent with Performance Energy Resources, LLC has expired. However, the Company continues to work towards closing the [...]
Clear Mountain announces that negotiations for the debt portion of the financing to complete the Company's proposed acquisition of certain oil and gas assets situated in Osage County as more particularly disclosed in the Company's news releases of November 5, 2013 and December 13, 2013 are advancing with a known financial institution in the United [...]
Clear Mountain announces that in conjunction with its proposed acquisition of certain oil and gas assets situated in Osage County, Oklahoma as more particularly disclosed in the Company's news releases of November 5, 2013 and December 13 the Company has called a special meeting of its shareholders for Tuesday, January 28, 2014 to approve, by way of [...]
Clear Mountain is pleased to announce that Cawley, Gillespie & Associates, a Texas based independent qualified reserves evaluator, has performed National Instrument 51-101 compliant reserve calculations dated November 18, 2013 and prepared as of October 1 estimating reserves and future net revenue for the assets outlined in a binding letter of [...]
Clear Mountain is pleased to announce that it has entered into a binding Letter of Intent to acquire all of the right, title and interest of the assets owned and operated by Performance Energy Resources in and to approximately 75,710 gross acres of leased lands in Osage County, of which approximately 87% is held by production. PERL holds a 100 [...]
