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Sagres Energy Rallies at Midday on Acquisition of Low Risk Appraisal Asset in Colombia

Sagres Energy Inc. (SGI.V) rose 33% at midday to 10 cents from yesterday's $0.075 close, hitting day high, after announcing today that it has signed a purchase and sale agreement with Assam Company India Limited to acquire all of Assam's right to earn a participating interest in the Agencia Nacional de Hibrocarburos Hydrocarbon Exploration and Production Agreement for the El Triunfo Block in Colombia currently held 100% by Union Temporal El Triunfo.

More than 608.2 thousand SGI shares have already changed hands today.

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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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