PetroShale acquires Bakken asset

Stockhouse Editorial
0 Comments| May 22, 2013

PetroShale (TSX: V.PSH, Stock Forum) Wednesday said it has completed an acquisition of 105 net acres of land and a 1.5% average working interest in 11 producing wells in the Williston Basin Bakken and Three Forks play.  

The purchase price is $2.5 million in cash.

PetroShale added that the current production net to it from seven wells is approximately 60 BOE per day, of which about 86% is liquids. The other four producing wells remain on confidential status until June 2013. 

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