Toscana Energy Buys Northwestern Alberta Assets For $20 Million

摘要

Toscana Energy Income Corp. (TO: TEI) announced Feb. 11 that it closed the acquisition of long life high quality crude oil assets in Northwestern Alberta for $20 million. Toscana, based in Calgary, identified upside from waterflood maximization and infill drilling opportunities. The assets have production of 210 barrels of oil equivalent per day (BOE/d). It is expected to increase corporate production to 2,800 BOE/d.