US EditionPardee Resources Company Divests Pennsylvania Oil and Gas Interests
- Pardee Resources Company, traded OTC: PDER, completed a sale on April 16, 2025, from RADNOR, Pennsylvania.
- The company considered these oil and gas interests as non-revenue producing and non-strategic.
- This transaction involved acreage in Elk and Cameron Counties, Pennsylvania, acquired over a century prior.
- The sale encompassed roughly 8,800 acres and generated proceeds of $10 million for Pardee Resources.
- Company CEO Carleton P. Erdman stated the divested interests were "non-revenue producing and deemed non-strategic.
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Pardee Resources Company Divests Pennsylvania Oil and Gas Interests
RADNOR, Pa., April 16, 2025 /PRNewswire/ -- Pardee Resources Company (OTC: PDER) (the "Company") announced today that it closed on the sale of approximately 8,800 acres of oil & gas interests located in Elk and Cameron Counties, Pennsylvania for $10…
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