Cequence Energy Ltd. has closed the previously announced asset exchange with Donnybrook Energy Inc. (Donnybrook) for Donnybrook's oil and gas properties located in the Simonette and Resthaven areas of Alberta (the "Donnybrook Assets") for Cequence's oil and gas assets located in the Fir area and an aggregate of 10,300,000 common shares in the capital of Cequence ("Cequence Shares"). The transaction was effected pursuant to the terms of an asset exchange agreement and an arrangement agreement both between Cequence and Donnybrook dated February 22, 2013.

The Donnybrook Assets consist of 33 gross (16.5 net) sections of Montney rights at Simonette and 2.7 net sections of Montney land at Resthaven, with current production of approximately 120 boe/d. The acquisition has increased Cequence's working interest to 100% in substantially all of its Simonette landbase. As a result, Cequence controls the pace and future development of such properties with no limitations arising from section boundaries or partner interests.

Tags: Cequence Energy Ltd.