Oil and Gas

NAL Oil & Gas Trust (TSX:NAE.UN) reported that the company has, through a series of transactions, acquired additional acreage in southeast Saskatchewan.

NAL Oil & Gas Trust (TSX:NAE.UN) reported that the company has, through a series of transactions, acquired additional acreage in southeast Saskatchewan.

The press release is quoted as saying:

The recent acquisition of acreage in southeast Saskatchewan and the incremental net capital spending of approximately $14 million for the remainder of 2010 in the greater Hoffer area, is included in the increased capital expenditure guidance of $210 million announced with the Trust’s $100 million equity financing on April 5, 2010. NAL’s development program for the remainder of 2010 continues to be approximately 75% to 80% weighted toward oil and evenly balanced between Cardium oil projects in Alberta and Mississippian projects in Saskatchewan.

Click here to access the entire press release

Click here to access NAL Oil & Gas Trust Corporate Site

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