• AZABACHE EN VACA MUERTA
    Vaca Muerta shale is considered nowadays as one of the top targets for unconventional oil and gas worldwide.
  • OIL AND GAS COMPANY
    We are able to combine the local knowledge of the basin and the North American expertise in this specific resource.
07May 2015

Calgary, Alberta (May 7, 2015) – Azabache Energy Inc. (TSX-Venture: AZA) (“Azabache” or the “Company”) announces that it has sold 100 % of its Panamanian subsidiary Azabache Energía Corp. to Evolvere Capital, an independent private equity firm. The result of the sale will cause the Company to take an impairment charge related to certain exploration assets of approximately C$3.5 M in the final quarter of the current fiscal year, ending June 30, 2015.

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