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Black Ridge Closes $20 Million Williston Acquisition

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December 17, 2013

Black Ridge Oil & Gas Inc. (OTC: ANFC) closed its Corral Creek acquisition in the Williston Basin on Dec. 13 from an undisclosed company for $20.6 million.

The acquisition includes certain producing oil and gas wells and development acreage in the Williston Basin. The effective date for the acquisition was Oct. 1.

Black Ridge funded the Corral Creek acquisition with proceeds from its re-determined senior secured credit facility with Cadence Bank N.A., its second lien credit facility with Chambers Energy Capital LP, and cash on hand. At closing, Cadence increased ...

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