CALGARY, Jan. 8, 2013 /CNW/ - Carmen Energy Inc. (TSXV: CEI) ("Carmen" or the "Corporation") announces that it has quitclaimed its entire interest in and to its Hamburg 14-34-097-11 W6M well (the "Well") and related tangibles and miscellaneous interests to Petrus Resources Ltd. ("Petrus") in exchange for Petrus canceling outstanding debts payable by Carmen and related to the drilling of the Well.
In addition and pursuant to the quitclaim, Carmen relinquished its entire interest in and to the Seismic and Drilling Option Agreement dated February 17, 2011, as amended, to Petrus and the participation agreement between Carmen and Petrus was terminated as of the date of the quitclaim.
About Carmen Energy Inc.: Carmen is based in Calgary, Alberta and a publicly traded oil and gas exploration and production company. The focus is on exploration and development of Western Canadian Sedimentary Basin based oil and gas properties. The current projects are the Jumpbush properties in south eastern Alberta.
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SOURCE: Carmen Energy Inc.
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