AziBras Exploração de Petróleo e Gás Ltda signed a binding sheet to acquire 30% stake in Dommo Energia, BS-4 offshore block from Dommo Energia S.A (OTCPK:DMMO.Y) for $63 million on October 17, 2017. Under the terms of the consideration, $33 million will consists of calls plus amounts related to Capex up to first oil and contingent payments of approximately $ 30 million. After the aforementioned transaction is concluded, Dommo Energia will remain with a carried 10% stake in BS-4 Block in the management perspective. The deal is subject to the approval by the creditors of the Settlement and approval of the assignment by the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis.