Robus definition
Examples of Robus in a sentence
Robus is a privately held junior oil and gas company which was founded, and since 2016 has operated oil and gas assets in the western Canadian sedimentary basin.
Robus Services LLC (“RS LLC”) is a special purpose limited liability company organized under the laws of the state of Wyoming.
On June 25, 2021, a letter of intent (the “LOI”) was delivered by KEL to Robus setting out the relevant terms proposed by KEL to acquire all of the shares of Robus and assume the loan and royalty obligations owed by Robus to RS LLC.
RS LLC was in possession of confidential information about Robus as a result of its contractual relationship with Robus under the Loan Agreement and the GOR Agreement.
On June 2, 2021, Koorbatoff approached Robus advising of KEL’s intention to acquire ▇▇▇▇▇ ▇▇▇▇▇▇’▇ shares in Robus.
The ▇▇▇▇▇▇▇ Report identified that, at that time, the Robus had proved plus probable reserves of net 793,000 barrels of light and medium oil and projected future net revenues of CAD $18,973,000.00.
Additionally, Robus has a 100% working interest in 2 ▇▇▇▇▇ which are located in the Southern Block (together with the associated PNG Assets, the “2 ▇▇▇▇▇”).
Robus owns interests oil and gas ▇▇▇▇▇, facilities, pipelines and associated assets (collectively, the “PNG Assets”) east of Edmonton, Alberta, the southern portion of which includes 69 ▇▇▇▇▇ in the Joarcam field (the “Southern Block”), and the northern portion of which includes 73 ▇▇▇▇▇ in the ▇▇▇ ▇▇▇▇ field (the “Northern Block”), for a total of 142 ▇▇▇▇▇.
Per: Name: Title: Email: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ FROM: Robus Resources Inc.
In the capacity of a shareholder and as director or former director of Robus, ▇▇▇▇▇▇ had a reasonable expectation as to how Robus would conduct itself with respect to the management of the corporation.