Quattro Exploration and Production Ltd. report that after further negotiations and due diligence it has successfully completed the unconditional purchase of the 3 Oil and Gas Fields previously announced on May 15th, 2012. The properties are located in southwest Saskatchewan, the purchase is scheduled to close on or before July 20th, 2012.
Through the Acquisition, Quattro is acquiring low-decline, high quality oil assets with a substantial land base and two underutilized, processing facilities. The properties have a series of underdeveloped locations and contain 3D seismic over the majority of the existing developed lands.
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Quattro Exploration And Production Ltd.
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