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EPI (Holdings) Limited ( (HK:0689) ) has provided an announcement.
EPI (Holdings) Limited, through its indirect wholly-owned subsidiary EP Resources Corporation, has entered into an agreement with BRW Petroleum Corp. to participate in a farm-in transaction. This transaction involves EP Resources Corporation paying C$1,298,511 to cover the full costs of drilling, completing, testing, equipping, and tying-in or abandoning a well. This agreement is classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, requiring reporting and announcement due to applicable percentage ratios exceeding 5% but less than 25%. The completion of this transaction is contingent upon regulatory approvals, rig availability, and surface access, with the well expected to be spudded by July 31, 2025.
More about EPI (Holdings) Limited
Average Trading Volume: 1,364,886
Technical Sentiment Signal: Sell
Current Market Cap: HK$68.74M
Learn more about 0689 stock on TipRanks’ Stock Analysis page.