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Quattro Announces Binding LOI to Acquire More Than 580 Boe/d of Oil and Gas Production in Central Alberta

Quattro Exploration and Production Ltd. (QXP.V) has entered into an arms-length agreement with an Alberta-based private oil and gas exploration and production company to acquire certain oil and gas interests in East Central Alberta.

The acquisition comprises of four production packages, currently producing more than 580 boe/d (of which greater than 30% is oils and liquids), and developed land of approximately 82,395 acres (net), undeveloped lands of 75,220 acres (net) for a total of 157,615 acres (net) in East Central Alberta.

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

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