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| Home : Eagle Energy Trust Announces $100 Million Acquisition in North Central Alberta |
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Dec 17
2014 |
Eagle Energy Trust Announces $100 Million Acquisition in North Central Alberta |
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CALGARY, ALBERTA--(Marketwired - Dec. 16, 2014) - Eagle Energy Trust (TSX:EGL.UN) (the "Trust" or "Eagle") is pleased to announce that its newly established Canadian operating subsidiary, Eagle Energy Canada Inc., has signed a purchase and sale agreement with Spyglass Resources Corp. (the "Seller") to acquire a 50% non-operated working interest in producing petroleum properties under horizontal waterflood in the Dixonville Montney "C" oil pool located in north central Alberta (the "Dixonville Properties") for a purchase price of $100 million (the "Acquisition"). The Dixonville Properties are characterized by single digit declines, a stable production base and a low ongoing sustaining capital requirement. |
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| Source:http://www.marketwired.com/mw/release.do?id=1977587&sourceType=3 |
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