Scandoil  

Forent Energy provides operational update


Published Jan 6, 2014
Forent Energy Ltd.

Forent Energy Ltd. confirms the interim closing on December 31, 2013 of a non-brokered private placement of flow-through common shares (the "Flow-Through Shares"). A total of 6,050,000 Flow-Through Shares were issued at a price of $0.10 per common share, for gross proceeds of $605,000. Insiders, including W. Brett Wilson, the Company's Chairman, purchased 3,850,000 Flow-Through Shares in the Private Placement. The Funds will be used for crude oil development expenditures (CDE), which will qualify as renounceable exploration expenses ("CEE"), on its recently acquired central Alberta properties.

Operationally, Forent is pleased to confirm that its application for down-spacing on the Twining assets has been approved by the Alberta Energy Regulator, accelerating the in-fill drilling plans.

Tags: Forent Energy




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml