Vermilion Energy Trust, Calgary, (Toronto: VET.UN) has completed the acquisition of Glacier Energy Ltd. for C$6.25 per share and the assumption of approximately C$9 million in net debt for total consideration of C$94 million. Total anticipated production from the acquired properties is approximately 2,600 barrels of oil equivalent per day. Glacier's assets consist primarily of coalbed-methane land-holdings in central Alberta. The acquisition includes proved reserves of 2.8 million barrels of oil equivalent and proved-plus-probable reserves of 4.5 million barrels of oil equivalent. Vermilion financed the transaction from its credit facilities.
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