Oil and Gas exploration company Rango Energy is joining forces with Dallas-based energy company INNEX to complete a handful of oil and gas projects in California’s San Joaquin, Ventura, and Eel River Basins.
In the deal, Rango gains the right to maintain a 50 percent working interest in almost all of INNEX’s oil and gas projects, and Rango will float 100% of the Authority for Expenditures (AFE) costs, and receive 75% of the cash flow from each well until 125% of the AFE has been recouped.
Over the next two years, Rango will also have the ability to acquire 100% of INNEX California Inc, based upon the results of the initial work.
End of Net Neutrality to Kill Netflix
A Federal Judge discarded the rules laid out by the FCC that required Internet Service Providers to be “dumb pipes,” that treat all data traffic the same. Soon, these service providers, like Comcast, Time Warner, Brighthouse and so forth, will have the ability to prioritize their friends and punish their foes. Netflix, though a favorite of the people, is not the best friend of service providers. It consumes tons of bandwidth and competes with many of their own offerings, be they cable or be they original content they produce. This means you have an opportunity right now to switch up your investments: Take it!
