Anderson Energy Ltd. (Toronto Venture: AXL) has entered into agreements to sell 1,560 BOE/D of production (75% natural gas) for cash consideration of $37.5 million.
Approximately $18.75 million of the transactions are scheduled to close before the end of October 2012 and the remainder are scheduled to close before the end of November 2012.
The properties being sold are non-strategic assets of the company.
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