Deals - Joint Ventures
Bellatrix Hits Brakes on Cardium JV; Seeks Different Partner
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Bellatrix Exploration Ltd. has reported that the Seoul Korea based company was not able to meet the remaining closing conditions required to close the previously announced Ferrier area Korean $300 million Cardium Joint Venture on May 31, 2013.
Bellatrix has not extended the deadline for satisfying such conditions beyond May 31, 2013 and as a result Bellatrix will consider alternative joint venture partners for the proposed Ferrier area Cardium Joint Venture as well as continuing to consider other joint venture partners for the Company's other interests in the Cardium resource play.
Conference CallRaymond Smith, President and CEO is returning from Seoul, Korea on Monday, June 3, 2013. A conference call to discuss the status of Bellatrix's Korean JV will be held on Tuesday, June 4, 2013…
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