Fairborne to Sell Clive D2 and D3 Unit for $47.5 Million

- January 31st, 2012

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.

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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