Portal Resources Rallies Today After Amending Terms on Saskatchewan Asset Acquisition
Portal Resources Ltd. (PDO.V) today announced that the terms of its proposed acquisition of oil and gas production assets in West Central Saskatchewan have been amended.
The company said these changes have been made to reflect, among other things, the current investment and oil and natural gas market conditions coupled with and in consideration of the changes to the effective and closing dates.
Portal is enjoying sharp gains today, rising 31% to $0.105 in the afternoon and moving further away from year low 8 cents, which was the closing price of PDO shares yesterday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.