American Eagle Energy Corp. (OTCBB: AMZG) has acquired additional working interest in several non-operated spacing units in the Spyglass Project area.
The purchase price is $8 million, of which 30% was paid on December 31, 2012, with the balance due and payable by June 30, 2013, has an economic effective date of November 1, 2012.
The seller is an affiliate of one of the company's non-operating partners in the Spyglass Project area. This transaction closed on December 31, 2012.
According to the release, the spacing units included in the acquisition ...