PetroSun Says It Inks LoI To Acquire Maverick Drilling Companyadmin
PetroSun, Inc. on Wednesday said it executed a Letter of Intent to purchase Maverick Drilling Company, Inc., and Maverick Drilling Services, LLC. Financial terms of the transaction were not disclosed. PetroSun noted that the management would remain in place following the acquisition, including veteran driller Don Henrich, who would remain as President of Maverick Drilling. The transactions are expected to close no later than the first quarter of 2007.