The Conversation (0)
Alberta Star Development Corp. (CVE:ASX) acquires a 100% interest in petroleum and natural gas rights on 40 gross acres of land located in Section 16-50-26 W3M in the Landrose area of west-central Saskatchewan.
Alberta Star Development Corp. (TSXV:ASX) acquires a 100% interest in petroleum and natural gas rights on 40 gross acres of land located in Section 16-50-26 W3M in the Landrose area of west-central Saskatchewan.
The press release is quoted as saying:
The Company and its industry partner acquired this new Landrose heavy oil property on a 50/50 basis, paying an aggregate cash consideration of approximately $82,000 ($41,000 net purchase price to the Company), inclusive of administrative fees and applicable taxes. Alberta Star and its partner have secured a drilling rig for the first week of December 2010 and expects to incorporate this acquisition into, and increase its drilling program to three (3) new wells to be drilled in December 2010.
Click here to access the entire press release