Enhanced Oil Resources Inc. reported that, by mutual consent, the Target Closing Date of December 1, 2011 has been extended to December 8th, 2011 for the previously announced sale by its subsidiary of all of its right, title and interests in the St Johns dome and certain related assets, located in Apache County, Arizona and Catron County, New Mexico, in order to complete a number of Closing Conditions that remain to be completed, including the delivery of certain material consents, the renegotiation of a material third-party contract and regulatory approval.

In addition, the Company reported today that it is applying to the TSX Venture Exchange to extend the expiry date from December 4th, 2011 to December 4th, 2012 related to certain 4,052,600 share purchase warrants entitling the purchase of up to an aggregate 4,052,600 shares of the Company at a price of $0.40 per share. These warrants were issued pursuant to a private placement of 4,052,600 units, each unit comprised of one common share and one share purchase warrant, which closed on December 3rd, 2009.

Tags: Enhanced Oil Resources