Murphy Oil Co. Ltd., a subsidiary of Murphy Oil Corp., El Dorado, Ark., (NYSE: MUR) has acquired the interests in the Tupper area of British Columbia from Bear Ridge Resources Ltd., Calgary, (Toronto: BER) for C$155 million. The assets include five wells on the undeveloped Montney gas play. Proved reserves are 1.4 million barrels of oil equivalent and proved and probable reserves are 4 million barrels equivalent. The assets may contain up to 800 billion cubic feet of gas originally in place.
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