|
|
Article: Delphi Energy Announces Closing of Hythe Property Acquisition.
- Article from:
- Marketwire Canada
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CALGARY, ALBERTA, Nov 3, 2009 (Marketwire via COMTEX) -- Delphi Energy Corp. (TSX:DEE) is pleased to report that it has closed the previously announced asset exchange agreement to acquire natural gas and light oil assets and related infrastructure strategically located within the Company's core property at Hythe, Alberta for cash consideration of $10.0 million.
Transaction Highlights
As previously reported, the acquisition provides the following financial and operating benefits to shareholders:
- Additional production at Hythe of approximately 630 barrels of oil equivalent per day (boe/d) and internally estimated Total Proved and Total Proved ...