CALGARY, May 1 /CNW/ - Result Energy Inc. ('Result'; TSX-V: RTE) announces that it has closed the disposition of its Dodsland assets in southwest Saskatchewan for gross proceeds of $11.8 million. A fee of $265,500 is payable to the agent which conducted the sale process. The sale proceeds have sharply reduced the Company's debt and should leave Result with a debt to forward cash flow ratio of approximately 1:1.
Result Energy Inc. is a publicly traded Canadian energy company involved in the exploration and development of oil and gas properties in western Canada. Result trades on the TSX Venture Exchange under the symbol "RTE".
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