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Eagle sells Twining, reducing core areas from three to two
Alberta and Texas-focused E&P Eagle Energy Inc. is reducing its core areas from three to two through the C$13.8 million (US$10.4 million) sale of its operated assets near Twining, Alberta. Tudor, Pickering, Holt & Co. advised Eagle on the deal, which is expected to close by Aug. 28. Proceeds from the sale will be allocated to reduce debt under Eagle’s secured term loan and to further fund its North Texas development program. Located near......
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