04:03 PM EST - Benchmark Energy Corp. : announced that its wholly-owned subsidiary, Caribe Oil & Gas Ltd. has entered into a joint venture agreement with a privately held Norwegian company, Fram Exploration AS. Benchmark said that Caribe signed the joint venture agreement regarding the pursuit of the acquisition or farm-in to eight onshore oil fields in Trinidad known as the Eastern Fields, which are being made available for possible rehabilitation and redevelopment through joint ventures with Petrotrin. Both Caribe and Fram have been pre-qualified by Petrotrin to bid on the fields. Benchmark Energy Corp.
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