Canada’s Bellatrix To Sell Noncore Assets For Reinvestment Into Spirit River Play

摘要

Bellatrix Exploration Ltd. (NYSE: BXE) is selling noncore assets to infuse capital into its Spirit River Play in Western Canada’s Deep Basin, the Calgary, Albertabased company said June 14. An undisclosed company agreed to buy Bellatrix’s noncore assets located in the Strachan area of Alberta for C$34.5 million (US$26 million) in cash. The sale is consistent with Bellatrix’s strategy to maintain a focused and concentrated asset base, while strengthening the balance sheet, according to a company press release.