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Article: Ryland Oil Provides Corporate Update and Announces Debt Financing.
- Article from:
- Marketwire Canada
- Article date:
- November 10, 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)
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VANCOUVER, BRITISH COLUMBIA, Nov 10, 2009 (Marketwire via COMTEX) -- Ryland Oil Corporation (TSX VENTURE:RYD) ("Ryland" or "the Company") is pleased to provide an update concerning its exploration activities with its joint venture partner, TriAxon Resources Ltd. (which announced yesterday that it has entered into an agreement under which it will be acquired by Crescent Point Energy Ltd).
Ryland's exploration focus continues to be on the Bakken Formation in its 81 sections in the Flat Lake area of Southeast Saskatchewan which it has joint ventured with TriAxon. The stimulated horizontal well drilled by TriAxon was put on pump in August, 2009, and its managed ...