Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/emerald-oil-closes-sale-of-certain-non-operated-as.shtmlEmerald Oil closes sale of certain non-operated assets
Emerald Oil, Inc. and two of its wholly owned subsidiaries closed the sale of a portion of the Company's undeveloped leaseholds in Montana and North Dakota, consisting of approximately
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Emerald Oil, Inc. and two of its wholly owned subsidiaries closed the sale of a portion of the Company's undeveloped leaseholds in Montana and North Dakota, consisting of approximately 9,750 net acres, as well as certain production from non-operated wells, for $9.75 million.
The Company used all proceeds to repay outstanding borrowings under the Company's revolving credit facility.
