Spartan Energy Corp. closed its acquisition of Wyatt Oil + Gas Inc., which has light oil assets in southeast Saskatchewan, the company said June 24.
The acquisition includes about 1,330 barrels of oil equivalent per day of production--76% light oil and liquids--and 46 net sections of land focused in the Alameda and Elcott areas of southeast Saskatchewan, complementary to Spartan's existing asset base.
The total consideration is comprised of the issuance of about 11.4 million Spartan shares and the assumption of about CA$42 million of net debt.
Spartan Energy Corp. is based in Calgary, Alberta.
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