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Toscana expands in southern Alberta in $12MM Cortona buy

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 Calgary’s Toscana Energy Income Corp. acquired Cortona Energy Ltd., a privately held independent with assets near Toscana’s Carmangay Barons oil pool in southern Alberta. The $12 million deal hikes Toscana’s interests in the pool to more than 90% WI and adds 250 bbl/d of light oil production, boosting its net total from the pool to 450 boe/d. The deal adds to Toscana’s long-life, low-decline light oil reserves and will boost its oil weighting to......
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