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Lanzhou Haimo Technologies confirms a deal to invest $27.5M in Carrizo Oil & Gas' (CRZO...

Lanzhou Haimo Technologies confirms a deal to invest $27.5M in Carrizo Oil & Gas' (CRZO -2.9%) Niobrara energy assets in Colorado, China Daily reports, marking the first investment by a private Chinese company into shale oil and gas exploration in a U.S. oilfield. In return, Lanzhou will receive a 14.29% stake in the assets. (earlier)
Comments (2)
  • Wonder if that will allow them to drill a well or two in southeastern Ohio?
    8 Jan 2013, 03:06 PM Reply Like
  • I own land in southeastern Ohio. I wonder if this new revenue will help them drill a few wells in southeastern Ohio?
    8 Jan 2013, 03:11 PM Reply Like
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