STORM RESOURCES LTD. (TSX VENTURE:SRX) has entered into a purchase and sale agreement in relation to the disposition of 150 Boe per day in the Mica area of northeast British Columbia. Details of the disposition are provided below.
• Disposition price is $13.5 million for Storm's 100% working interest in the property.
• Closing date is October 18, 2012 with an effective date of September 1, 2012.
• In the first half of 2012, production averaged 148 Boe per day (64% light oil plus natural gas liquids) and the field ...