The TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's-length-party disposition of a 6.25-per-cent working interest in block 3B/4B.

Under the terms of the agreement, the company has agreed to sell the asset for an aggregate cash consideration of $10.5-million (U.S.), subject to satisfaction of certain milestones by the company and the purchaser.

For further details, please refer to the company's news releases dated July 11, 2023, July 19, 2023, and Jan. 22, 2024.