Cubo Energy PLC (DB:3CU) signed an agreement to acquire 37.5% stake in 3 Crawar oil wells in North 40 acreage of J.B. Tubb Leasehold Estate from EGPI Firecreek Inc. (OTCBB:EFIR) for $0.7 million in stock on February 29, 2012. Mondial Ventures, Inc. (OTCPK:MNVN) completed the acquisition of 37.5% stake in 3 Crawar oil wells in North 40 acreage of J.B. Tubb Leasehold Estate from EGPI Firecreek Inc. (OTCBB:EFIR) on July 31, 2012. Under terms of transaction, Mondial Ventures has also assumed $0.45 million of oil and gas related liabilities from EGPI Firecreek. Post Closing, EGPI Firecreek will have appointed Dennis R Alexander to the position of President and Chief Executive Officer and Director of EGPI Firecreek. The deal also includes the Highland Production Company No. 2 well-bore in the oil and gas interests and pro rata oil & gas revenue and reserves with depth of ownership from 4700 ft. to 4900 ft. Additional terms of the deal include an option to develop and drill a series of wells on the J.B. Tubb Leasehold Estate/Amoco Crawar Field, South 40.