Angle Announces Material Asset Acquisition in Its Edson Core Area

- June 7th, 2010

Angle Energy Inc. (TSX:NGL) announced that it has entered into a definitive purchase and sale agreement with an intermediate oil and gas company pursuant to which Angle will, subject to certain conditions, acquire producing assets for cash consideration of $115 million.

Angle Energy Inc. (TSX:NGL) announced that it has entered into a definitive purchase and sale agreement with an intermediate oil and gas company pursuant to which Angle will, subject to certain conditions, acquire producing assets for cash consideration of $115 million.

The press release is quoted as saying:

Angle is acquiring 2,200 boe/d of high working interest, operated oil, natural gas and natural gas liquids production and reserves as well as an extensive undeveloped land base, all adjacent to Angle’s existing assets in the Edson area where Angle has had recent drilling success.

Click here to access the entire press release

Click here to access Angle Energy Inc. Corporate Site

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