09:53 AM EST - Cequence Energy Ltd. : announced that it has closed the acquisition of certain assets in the Deep Basin from a large publicly traded oil and gas company for approximately $85 million in cash. The Deep Basin Assets have production of approximately 2,100 BOE/d and estimated proved plus probable reserves of 11,178 MBOE based on an independent engineering report effective July 1. In addition, the Deep Basin Assets contain a large inventory of resource based opportunities and provide exploration opportunities in the Gething, Wilrich and Montney formations. The Deep Basin Assets are complementary to core properties of Temple Energy Inc. in the Simonette area. Cequence Energy Ltd.
shares T.CQE are trading even at $2.01.
