Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/pine-cliff-completes-acquisition-of-further-workin.shtmlPine Cliff completes acquisition of further working interests in shallow gas assets
Pine Cliff Energy Ltd. announce that the previously announced acquisition of additional working interests in the Monogram
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Pine Cliff Energy Ltd. announce that the previously announced acquisition of additional working interests in the Monogram Unit and the Southern Alberta and Southern Saskatchewan properties (the "Assets") for cash consideration of $13.25 million, prior to adjustments, has closed.
Pine Cliff now owns a 90.7639% working interest in the Monogram Unit and an approximate 96% working interest in the Southern Alberta and the Southern Saskatchewan properties. As part of the acquisition, the asset management agreement governing Pine Cliff's interests in the Assets was terminated and Pine Cliff has assumed operatorship of the Assets.
