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Stock Market & Financial Investment News

News Breaks
May 15, 2014
05:09 EDTTPLMTriangle Petroleum announces acquisition of Williston Basin properties for $120M
Triangle Petroleum announces that Triangle USA Petroleum, the company's wholly-owned E&P subsidiary, has entered into two separate definitive agreements to acquire Williston Basin properties, and received bank commitments for 100% financing of the acquisitions, including a new senior secured second lien term loan facility. The company signed two separate definitive agreements to acquire approximately 46,100 net acres in a contiguous area of Williams County, ND and Sheridan County, MT: 1,175 Boepd of current production 4,450 MBoe of net proved reserves with a PV-10 value of approximately $110M based upon internal estimates as of April 30. The total consideration was approximately $120M, net of estimated purchase price adjustments and sale of acquired saltwater disposal well to Caliber Midstream Partners.
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October 15, 2014
07:25 EDTTPLMCanaccord to hold a conference
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