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| Home : PetroShare Corp. Enters into a Purchase Agreement for Assets Covering Approximately 16,000 Gross (11,000 Net) Acres in the DJ Basin |
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Nov 29
2016 |
PetroShare Corp. Enters into a Purchase Agreement for Assets Covering Approximately 16,000 Gross (11,000 Net) Acres in the DJ Basin |
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CENTENNIAL, CO--(Marketwired - November 28, 2016) - PetroShare Corp. (OTCQB: PRHR) ("PetroShare" or the "Company"), today announced it has entered into a Purchase and Sale Agreement with an undisclosed third party ("Seller") for producing vertical wells and associated leases totaling approximately 15,994 gross (11,169 net) acres principally in Adams and Weld Counties, Colorado. The Company has agreed to pay the Seller $5.0 Million in cash consideration, subject to closing adjustments. Closing is scheduled for December 22, 2016, subject to customary closing conditions such as environmental and title diligence. |
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| Source:http://www.marketwired.com/mw/release.do?id=2178656&sourceType=3 |
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