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Clearview acquisition boosts undeveloped acreage 50%
Clearview Resources Ltd. acquired assets between its Wilson Creek and Windfall core properties in west-central Alberta for $9.5 million in cash and stock. The company believes the acquisition’s development potential will “deliver significant, light oil weighted, growth and drive value creation for Clearview shareholders over the medium and long term.”The acquired assets cover 40,420 acres (86% WI) along the light oil-prone Deep Basin trend of the Cardium and Bluesky formations including 23,200 undeveloped acres,......
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