An unknown buyer acquired 18.5% stake in certain wells in the Verba Field in Mississippi from Petrichor Energy Inc. (TSXV:PTP) during the period ended June 30, 2018. Petrichor Energy Inc. recognized a gain on settlement of CAD 0.21 million. An unknown buyer completed the acquisition of 18.5% stake in certain wells in the Verba Field in Mississippi from Petrichor Energy Inc. (TSXV:PTP) during the period ended June 30, 2018.