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Stock Market & Financial Investment News

News Breaks
March 19, 2013
16:08 EDTEXXI, APAEnergy XXI announces JV with Apache
The company has entered into an agreement with Apache Corp. (APA) to explore for oil and gas pay sands associated with salt dome structures on the central Gulf of Mexico shelf. The area of mutual interest includes several salt domes within a 135 block area. In addition, Energy XXI has acquired a 25% working interest in 21 non-producing primary-term leases with Apache. A new wide azimuth seismic program is underway to define the potential of the AMI, covering approximately 633,000 acres. "This joint venture exemplifies our interest in exploring salt structures where new seismic data, remapping and remodeling could uncover significant hidden hydrocarbons," Energy XXI Chairman and CEO John Schiller said. "Our Pendragon exploration well, being drilled in the Vermilion area, is a similar analog. We are very excited about the potential of this new joint venture with Apache, a world-class operator with extensive expertise in the Gulf of Mexico."
News For EXXI;APA From The Last 14 Days
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April 9, 2014
10:06 EDTAPAOn The Fly: Analyst Downgrade Summary
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06:55 EDTAPAApache downgraded to Hold from Buy at Deutsche Bank
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06:01 EDTAPAApache downgraded to Hold from Buy at Deutsche Bank

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