Legacy Oil + Gas Inc. acquires Corinthian Exploration Corp. (Scandinavian Oil-Gas Magazine)

Legacy Oil + Gas Inc. acquires Corinthian Exploration Corp.

Published Jun 26, 2014

Legacy Oil + Gas Inc. has acquired Corinthian Exploration Corp. (Corinthian), a private light oil company. The Acquisition represents a further step in enhancing the Company's balance sheet to position the Company for higher production and funds flow from operations growth.

Through the Acquisition, Legacy will acquire high quality, high netback, light oil assets focused in the Company's North Dakota Spearfish core area for total consideration of approximately 20.1 million Legacy common shares and assumed net debt of approximately $34 million (subject to certain adjustments).

Tags: Legacy Oil + Gas Inc.

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Legacy Oil + Gas Inc. acquires Corinthian Exploration Corp.

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