Article: VINTAGE PETROLEUM ACQUIRES ADDITIONAL PROPERTY INTERESTS IN ECUADOR

Vintage Petroleum Inc. (NYSE: VPI) closed a transaction with Petrobras Internacional S.A. (Braspetro) to purchase an additional working interest in Block 14, Block 17 and the Shiripuno exploration area in Ecuador for $18 million in cash, subject to customary post- closing accounting adjustments. Through this purchase, the Tulsa independent producer acquired an additional 35 percent working interest in Block 14, raising its interest to 75 percent; an additional 40 percent interest in Block 17, increasing Vintage's ...

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