03:39 PM EST - Anderson Energy Ltd. : announced that since its last press release on August 13, it has entered into agreements to sell 1,560 BOED of production (75% natural gas) for cash consideration of $37.5 million subject to normal closing adjustments. Approximately $18.75 million of the Transactions are scheduled to close before the end of October 2012 and the remainder is scheduled to close before the end of November 2012. The Company's bank lines will step down to $70 million after the closing of the Transactions. Pro forma the Transactions, outstanding bank loans at September 30, 2012 would be approximately $52 million. Anderson Energy Ltd.
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