Circle Energy Inc. Enters Joint Venture with Boa Vista, LLC to Develop 880 Acres in Texas

Reuters05-14

Circle Energy Inc. Enters Joint Venture with Boa Vista, LLC to Develop 880 Acres in Texas

Circle Energy Inc. has announced a new partnership with Boa Vista, LLC, a New Mexico-based limited liability company. The collaboration involves a Farmout Agreement and Conditional Lease Assignment, as well as a Joint Venture Agreement, both effective from May 16, 2025. This partnership aims to develop an area of mutual interest near the current lease, encompassing approximately 880 acres. Circle Energy holds a 75% working interest in this venture, while Boa Vista holds the remaining 25%. The partnership stipulates that Circle Energy will drill at least two wells within three years to maintain their lease rights. This strategic alliance marks a significant step for both companies in expanding their energy exploration efforts in Andrews County, Texas.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Circle Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001096906-25-000776), on May 14, 2025, and is solely responsible for the information contained therein.

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Enters Joint Venture with Boa Vista, LLC to Develop 880 Acres in Texas\n    \n\n        Circle Energy Inc. has announced a new partnership with Boa Vista, LLC, a New Mexico-based limited liability company. The collaboration involves a Farmout Agreement and Conditional Lease Assignment, as well as a Joint Venture Agreement, both effective from May 16, 2025. This partnership aims to develop an area of mutual interest near the current lease, encompassing approximately 880 acres. Circle Energy holds a 75% working interest in this venture, while Boa Vista holds the remaining 25%. The partnership stipulates that Circle Energy will drill at least two wells within three years to maintain their lease rights. This strategic alliance marks a significant step for both companies in expanding their energy exploration efforts in Andrews County, Texas.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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