Alexander Energy Ltd. has successfully completed the acquisition of certain assets located in southeast Saskatchewan (the "Assets") previously announced on December 18, 2013. The Assets were acquired from an arm's length public oil and gas company for total consideration of $32.5 million with an effective date of December 1, 2013.

Following the completion of the acquisition of the Assets, Alexander is well-positioned with positive working capital of approximately $61 million and a predominately light oil production base of approximately 950 boe/d coupled with numerous growth opportunities focused across central Alberta and southeast Saskatchewan.

Tags: Alexander Energy Ltd.