AIM-listed Northern Petroleum is acquiring production wells and facilities near its existing Rainbow assets in Alberta for up to $1.1 million from a major Canadian E&P company. Northern will buy 75% of the assets with JV partner High Power Petroleum (H2P) buying the remaining 25%. Northern CEO Keith Bush said the move will grow its production base in Canada, which he described as its “core area of asset growth.”They include six production wells that......
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