Canada’s Perisson Petroleum Corp. completed the last stage of the closing process of the purchase of the Twining assets in Alberta, Canada. The process concluded when Perisson made an additional payment of about CA$142,000 to the receiver, completing the final statement of adjustments related to the purchase.
Perisson received its first oil and natural gas production and related revenues from these assets in May and June, generating positive cash flow for both months.
Additionally, Perisson purchased oil and gas rights on one-and-a-quarter sections, or about 800 acres (400 net), of land, continuing to expand land holdings in the core Twining area.
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