Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/eagle-energy-acquires-remaining-interest-in-its-pe.shtmlEagle Energy acquires remaining interest in its Permian Basin properties
Eagle Energy Trust reports that its U.S. subsidiary, Eagle Energy Acquisitions
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Eagle Energy Trust reports that its U.S. subsidiary, Eagle Energy Acquisitions LP (Eagle), has acquired all of the remaining interest in its oil and natural gas properties in the Permian Basin located near Midland, Texas for cash consideration of $US 8,544,500, subject to closing adjustments and effective as of January 1, 2013 (the "Acquisition"). Eagle now owns a 100% working interest in its Midland area properties.
The Acquisition was made pursuant to the terms and conditions of the April 2012 purchase and sale agreement for Eagle's initial acquisition of its interest in the Midland area properties. Under the terms of the purchase and sale agreement, Eagle had agreed to purchase the seller's remaining 7.5% undivided interest by April 30, 2013.
