NEW YORK Sungro Minerals
Inc. has bought a 28-percent oil and gas stake in the Grande
Chenier field in Cameron Parish, La., from Sigma Gamma
Interests LLC for $2 million, the company said Feb. 28.
"Sungro expects that in the next
few weeks, it will assume the responsibility as the operator of
record and contract with the necessary professionals to begin
production on the Nunez 1 well," Johnston, R.I.-based Sungro
The field has an estimated value of more than $100 million,
the company said.