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Altura Energy Inc. Announces the Closing of Stage Two of a Previously Announced Asset Disposition
Altura Energy Inc. Announces the Closing of Stage Two of a Previously Announced Asset Dis...
About this update from Tenaz Energy Corp
[{"type":"text","content":"ATU-Close-AssetDispos\n \n \n \n Altura Energy Inc. Announces the Closing of Stage Two of a Previously Announced Asset Disposition\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n CALGARY, AB, Sept. 30, 2020\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Sept. 30, 2020\n \n /CNW/ - Altura Energy Inc. (\"Altura\" or the \"Corporation\") (TSXV: ATU) announces the closing of the\n \n September 30, 2020\n \n asset disposition.\n \n \n \n \n \n \n \n \n \n As disclosed in the Corporation's\n \n June 30, 2020\n \n news release, Altura entered into an amending agreement to change the timing of the second transaction in the\n \n December 4, 2019\n \n definitive agreement with a private company.  The sale of a 5.5% working interest in the Corporation's production, wells, lands and facilities for cash of\n \n $3.5 million\n \n was amended to close in four equal stages.\n \n \n On\n \n September 30, 2020\n \n , Altura closed stage two of the second transaction for the sale of a 1.375% working interest in the Corporation's production, wells, lands and facilities for cash of\n \n $875,000\n \n .  As per the amending agreement, stages three and four are scheduled to close on\n \n January 31, 2021\n \n and\n \n June 30, 2021\n \n , respectively.\n \n \n \n ABOUT ALTURA ENERGY INC.\n \n \n \n Altura is a junior oil and gas exploration, development and production company with operations in central Alberta.  Altura predominantly produces from the Rex member in the Upper Mannville group and is focused on delivering per share growth and attractive shareholder returns through a combination of organic growth and strategic acquisitions.\n \n \n \n READER ADVISORIES\n \n \n \n \n Forward\n \n \n –\n \n \n looking Information and Statements\n \n \n \n This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words \"expect\", \"anticipate\", \"budget\", \"forecast\", \"continue\", \"estimate\", \"objective\", \"ongoing\", \"may\", \"will\", \"projec...