Gulfx Announces the Rationalisation of Gulf of Mexico Interests (GLX.AX, 00842028, 20080514) (Huntleys’ Stock of the Week via Yahoo!7 Finance)
Gulfx announced that it will no longer participate through further payments in the South Marsh Island Block 138. As a result GulfX will forfeit the right to earn a 16.25% interest from Ridgelake Energy, Inc the operators of this prospect. Gulfx continues to hold the right to earn interests in four other Gulf of Mexico Oil and Gas prospects through a participation agreement with Ridgelake.
Original post by Yahoo! News Search Results for Mexico
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