Business
Altura Energy Inc. Announces Acquisition of Strategic High Quality Low Decline Oil Assets in East Central Alberta
Altura Energy Inc. Announces Acquisition of Strategic High Quality Low Decline Oil Assets ...
About this update from Tenaz Energy Corp
[{"type":"text","content":"\n\n\n\nAltura Energy Inc. Announces Acquisition of Strategic High Quality Low Decline Oil Assets in East Central Alberta\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:0pt; BORDER-LEFT:0pt; BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:0pt; BORDER-RIGHT:0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid\n}\n.prngen5{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntbls{\nBORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid\n}\n\n\n\n\n\n\nAltura Energy Inc. Announces Acquisition of Strategic High Quality Low Decline Oil Assets in East Central Alberta\nCanada NewsWire\nCALGARY, Aug. 26, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\n\n\nCALGARY, Aug. 26, 2016 /CNW/ - Altura Energy Inc. (\"Altura\" or the \"Corporation\") (TSX Venture: ATU) is pleased to announce it has entered into an agreement to purchase high quality oil assets (the \"Assets\" or \"Acquisition\") strategically located in east central Alberta for cash consideration of $4.0 million, subject to customary closing adjustments.  The Assets add 125 boe/d of low decline production and include facility infrastructure and a natural gas pipeline for future growth.  The Acquisition is effective August 1, 2016 and is expected to close by September 21, 2016.  \n\nThe Acquisition is consistent with Altura's return on capital strategy focused on acquiring under developed assets targeting the...