Sure Energy Inc. has sold its Beaverhill Lake land interests and approximately 60 barrels of oil per day of associated production for $9 million. The deal closed on June 28, 2012 and is effective June 1, 2012.

As a result of this disposition and the adjustment to the current price deck, the Company's revolving credit facility will be reduced to $30 million from $33 million. The Company will retain its operating demand loan of $7 million to give it a total $37 million bank credit facility.

Tags: Sure Energy Inc.