Triangle Petroleum Announces Proposed Acquisition of 15,000 Net Acres

Triangle Petroleum Corporation (AMEX:TPLM, CVE:TPO) enters into agreements to acquire up to 15,000 net acres for the Bakken and Three Forks formations in the Williston Basin.

The press release is quoted as saying:

Founded in 2006, Triangle (NYSE Amex:TPLM) (TSX VENTURE:TPO) is an independent oil and gas exploration company that has acquired, or commited to acquire, approximately 30,000 net acres in the Williston Basin targeting the Bakken Shale and Three Forks formations and approximately 475,000 gross acres (413,000 net acres) in the Windsor Block of Nova Scotia.

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