San Leon Energy - Re: SLE Stream Log - Mart Resources, Delta Oil terminate...

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16:28 07/11/2016

Mart Resources, Delta Oil terminate business agreement 22 December 2015, Lagos – Barely three months after Toronto- listed Mart Resources failed to convince Midwestern Oil and Gas Limited to buy it over, a second potential buyer, Delta Oil has also pulled out of the acquisition talks. Mart Resources has announced that that, due to prevailing market and industry conditions, Mart and Delta Oil Nigeria BV have mutually agreed to terminate the arrangement agreement dated October 16, 2015.

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