Bucking Horse Energy Announces Sale Agreement for Producing Wells in Wyoming

By MT Newswires,  December 13, 2012, 02:37:13 PM EDT

Bucking Horse Energy Inc. (BUC.TO) announced that its wholly-owned subsidiary has entered into a Purchase and Sale Agreement with a subsidiary of Freepoint Resources LLC, an arms-length purchaser, for the company's developed well-bore interests in the Pinedale field in Wyoming.

The assets include 66 oil and gas wells and associated petroleum and natural gas production rights being sold for a purchase price of US$61 million.

The transaction is scheduled to close on or before February 28, 2013 and is subject to approval by the company's shareholders, secured debt holders and the TSX, as well as customary closing conditions.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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