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United Hunter Oil & Gas Announces Sale of Wabamum Well
Nov. 10, 2011 05:23PM PST
Oil and Gas InvestingUnited Hunter Oil & Gas Corp. (TSXV:UHO) has sold Wabamum interest in the 7-22-05-26W4 well in the Leduc Woodbend area of Alberta for a cash payment and a Gross Overriding Royalty of 12%.
United Hunter Oil & Gas Corp. (TSXV:UHO) has sold Wabamum interest in the 7-22-05-26W4 well in the Leduc Woodbend area of Alberta for a cash payment and a Gross Overriding Royalty of 12%.
As quoted in the press release:
The 7-22 Well was a test well for the farm-in agreement between UHO and MEC Operating Company and the subsequent disposal of the interest in the well also included the termination of the previously existing Farm-in agreement.
Click here to read the United Hunter Oil & Gas Corp. (TSXV:UHO) press release.