VANCOUVER, Sept. 5, 2019 /CNW/ - CruzSur Energy Corp. (the
"Company" or "CruzSur") (TSXV: CZR), announces
it has received a natural gas purchase offer for the Maria Conchita
field in Colombia from Energy
Transitions SAS ESP. This is a binding offer to purchase the
natural gas delivered at the well head for 10 years. With this
agreement, Energy Transitions SAS ESP will install the treatment
facilities at its own risk and infrastructure necessary to
transport the gas according to the adopted monetization scheme
(CNG, LNG, Gas to Power, pipeline, etc.) and will have the right of
first purchase option for any gas that CruzSur and/or its
affiliates produces in their other blocks such as SN-9 and
Tiburon.
Energy Transitions SAS ESP partners have more than 17 years of
experience in the development of natural gas businesses in
Colombia, in applications such as
CNG, LNG, Gas to Power, NGV and gas pipelines. Currently, this
company has strategic allies to develop projects in a short term
and under the fulfillment of all the technical and quality
standards required by the Oil & Gas Industry.
About CruzSur Energy Corp.
CruzSur Energy Corp. is a publicly traded E&P company
focused on proven oil & gas plays in Latin America. The Company holds a large
diversified portfolio of producing, development and unexploited
assets in Colombia and
Argentina where it will leverage
its amplitude of technical expertise and proven track record
building companies and creating value.
Complete reports and statements are available on SEDAR at
www.sedar.com and on the Company website
http://www.cruzsur.energy.
Forward-Looking Information
Except for the statements of historical fact, this news
release contains "forward-looking information" within the meaning
of the applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news
release. The information in this news release about the
completion of the operations described herein, and other
forward-looking information includes but is not limited to
information concerning the intentions, plans and future actions of
the parties to the transactions described herein and the terms of
such transaction.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, risks related to the Company's inability to
perform the proposed operations.
The forward-looking information in this news release reflects
the current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions about the Company's
ability to complete the planned operations and activities. The
Company has also assumed that no significant events will occur
outside of the Company's normal course of business. Although the
Company believes that the assumptions inherent in the
forward-looking information are reasonable, forward-looking
information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE CruzSur Energy Corp.