Eagle Rock Closes Sale of Conrad Assets to Reduce Debt

Eagle Rock has closed the previously announced arm's length transaction pursuant to a Purchase and Sale Agreement with West Isle Energy Inc. to dispose of approximately 350 mcf/d of natural gas production and 2,560 acres of Alberta Crown leases in the Conrad area of southern Alberta for cash consideration of $1,225,000. Proceeds from the sale will be applied to reduce bank debt.

 

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