Solimar Energy Limited (“Solimar Energy”) was the new name approved by Livingstone Petroleum Limited’s (“Livingstone Petroleum”) shareholders at a General Meeting on 29 June 2007. This followed an announcement on 10 May 2007 that Livingstone Petroleum had entered into an agreement to acquire Solimar Energy, a private oil & gas company with interests in several oil and gas prospects in the State of California.
Livingstone Petroleum was listed on the ASX on 14 September 2005. The company was originally focussed on exploring for gas at the Forbes Joint Venture in the Sacramento Basin, onshore California, USA. With the acquisition of Solimar Energy, the company has a more diverse exploration portfolio in both the Sacramento and San Joaquin Basins, onshore California.
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