Shoreline Adds Wattenberg Assets
February 19, 2013
Shoreline Energy Corp. (TO: SEQ) has acquired two non-operated working interest asset packages located in Weld County, Colo., in the Wattenberg field.
The asset packages are in the heart of the Niobrara and Codell oil projects, being developed with the use of proven horizontal wells and multiple stage hydraulic fracturing technology. These latest acquisitions are situated in close proximity and are a perfect complement to the royalty and working interest acquisitions the company announced in 4Q 2012. Total aggregate purchase price for these acquisitions is US $22.5 million, subject to ...
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