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Thrust Energy acquires stake in six natural gas wells in Alberta, Canada

Posted on: Fri, 27 Nov 2009 13:53:00 EST

Symbols: TEGC

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Nov 27, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
TEGC | Quote | Chart | News | PowerRating -- Thrust Energy Corp., a Canada-based oil and gas acquisition and production company focusing on developing oil resources, has acquired a 4.9% working interest in six natural gas wells in Alberta, Canada.

Thrust also has the right to increase its working interest in the project to 66%.

The six natural gas wells are estimated to produce approximately 940 mcf/day of natural gas.

Deal Type    Acquisition
Sub-Category Asset Purchase
Deal Status  Completed: 2009-11-26

Deal Participants

Target (Company)   Undisclosed Company - Gas Wells - Alberta, Canada
Acquirer (Company) Thrust Energy Corporation
Vendor (Company)   Undisclosed Vendor

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