Cyprus Opportunity Purchases 10 Oil Fields in North Dakota

The oil and gas exploration company Cyprus Opportunity is entering, for the first time, into oil drilling and production activity in the USA. The company announced the purchase of 10 oil wells, spread across an area of about 6,400 acres, in the oil-rich North Dakota. The company intends to perform two development drillings this year and two more during 2018. The cash flow from oil sales is expected to begin in 2018.

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