The terms of the Participation agreement give Chesapeake the right of first refusal to participate as a 50% working Interest Partner subject certain terms and conditions, which will be determined on a case by case basis. "We are pleased to announce our Participation agreement with the Chesapeake Group," states company President Douglas Tallant. "The company anticipates developing the Peach Creek West Prospect to its fullest potential with a Participation partner as accomplished as the Chesapeake Group has demonstrated to be.''
Friendly Energy is a development-stage company in the oil and gas exploration industry.
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