03:44 PM EST - Anterra Energy Inc. : announced the closing of its previously announced arm's length property acquisition in the Nipisi area of north central Alberta. On December 18, the Company closed the acquisition of producing oil properties in the Nipisi area of north central Alberta, announced on November 25,, for a cash consideration of $12.2 million. The acquisition includes an approximate 88% working interest in 5,920 gross developed acres of land, including infrastructure and 17 producing oil wells, producing approximately 400 boe/d (94% light oil) net to the Company. Anterra has funded the acquisition through its existing credit facilities. The vendor is a publicly-traded intermediate Canadian producer of oil and natural gas. The acquisition is effective as of August 1. Anterra Energy Inc.
shares V.AE.A are trading unchanged at $0.04.
