Fortress has scheduled it's 2011 AGM for
22 February 2013 at 10:00AM
Hamilton Room, Bow Valley Square Conference Centre
205 5th Ave SW, Calgary, Alberta
Click here for meeting materials.
Further to its previous announcement, Fortress Energy Inc. is pleased to announce it has, along with Petrominerales Ltd., acquired 100 percent of the shares of a Brazilian private oil and gas company, Alvopetro S.A. Extração de Petroleo e Gás Natural ("Alvopetro S.A."). The ownership interest in Alvopetro S.A. is 25 percent Fortress and 75 percent Petrominerales, with Petrominerales assuming operatorship. The oil and gas interests acquired include a 100 percent working interest in seven exploration Blocks located in the Reconcavo Basin, covering an area of approximately 160 sq km and a 100 percent working interest in three onshore producing oil fields: Bom Lugar, located in the Reconcavo Basin, Jiribatuba, located in the Camamu Basin and Aracaju, located in the Sergipe Basin. The producing oil assets have current production of approximately 60 barrels per day of light oil with significant development potential at Bom Lugar utilizing horizontal wells and multistage hydraulic fracture stimulation.
Fortress Energy Inc. is a public Canadian company that has operated as an oil and gas company since 2003. In 2010 it sold the majority of its Canadian assets and turned its focus to shale/tight oil development in Brazil.