Nextraction Acquires an Additional 1,023 Acres in Pinedale, Wyoming

Nextraction Energy Corporation (TSX VENTURE:NE) and its wholly-owned subsidiary, Nextraction Energy Inc. , announced it has acquired an additional 1,023 acre leasehold in the northern region of the Pinedale Anticline, Wyoming.

The press release is quoted as saying:

The leasehold area lies within two miles of Nextraction’s recently completed Noble 6-24 well. Nextraction acquired the leasehold for $40 per net mineral acre, for a five year term. With this acquisition, Nextraction now owns the rights to develop 3,574 acres in the North Pinedale Anticline region. Nextraction has also acquired the leasehold rights to a sixty percent (60%) interest to 360 acres contiguous to its current acreage position. The lease will become effective within ninety (90) days and upon obtaining clear title.

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