BRIEF-Altura Energy to acquire strategic oil assets in East Central Alberta

Fri Aug 26, 2016 7:40am EDT
 
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Aug 26 (Reuters) - Altura Energy Inc

* Altura Energy Inc announces acquisition of strategic high quality low decline oil assets in East Central Alberta

* Deal for $4.0 million

* Says upon closing acquisition, Corporation will have an LMR of 3.85

* Says acquisition is effective August 1, 2016 and is expected to close by September 21, 2016

* Acquired assets add 125 boe/d of low decline production and include facility infrastructure and a natural gas pipeline for future growth Source text for Eikon: Further company coverage: