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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| TSXV:MEN | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
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MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) Magnum
announces that the company has entered into a Purchase and Sale Agreement with a
private, Calgary-based company to purchase an operated, 100% working interest in
the Jenner, Alberta area.
The property currently produces 350 mcfd gas sales (58 boepd) from the shallow
Medicine Hat and Milk River formations, covers 9.75 gross (9.75 net) sections of
land, and includes associated pipeline infrastructure and compression
facilities. Production can be increased at least 3-fold with down spacing and
infill drilling.
This transaction is subject to all customary industry and exchange approvals.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Magnum Energy Inc.
Richard Nemeth
President & CEO
604.948.2688
rnemeth@magnumenergyinc.com
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