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Fairborne to Sell Clive D2 and D3 Unit for $47.5 Million
Jan. 31, 2012 03:06PM PST
Oil and Gas InvestingFairborne Energy Ltd. (TSX:FEL) has agreed to sell the company’s 100% working interest in the Clive D2A and D3A Units for $47.5 million.
Fairborne Energy Ltd. (TSX:FEL) has agreed to sell the company’s 100% working interest in the Clive D2A and D3A Units for $47.5 million.
As quoted in the press release:
Payment includes a base price of $37.5 million payable on closing and an additional payment of $10 million payable upon the satisfaction of certain conditions regarding the Clive CO2 project.
Click here to read the Fairborne Energy Ltd. (TSX:FEL) press release.
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