New US block purchase by Haimo Oil & Gas LLC

2014-09-10

To strengthen its foothold in the US unconventional oil and gas sector, Haimo Oil & Gas LLC, a wholly owned subsidiary of Haimo, purchased a net area of 5,712.56 acres of oil block from DMK Oil & Gas, LLC (DMK) in the Permian Basin, Howard county, West Texas, USA with a 100% operating working interest.

This is the third oil block purchased by Haimo in USA .With this, the total net acreage leased by Haimo in the US is around 13,000 acres.

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New US block purchase by Haimo Oil & Gas LLC

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