Oil prices are up for the oil production asset.
Infrastructure and assets included in the purchase esimated to cost $100's of millions of dollars to replace.
"The Red Earth Alberta Canada oil acquisition previously announced is proceeding according to plan. Production remains at around 1000 BOPD (300 BOPD net to SGC), while oil prices have increased more than 15% to over Canadian $62 per Barrel since the acquisition was announced."
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- Ann: Acquisition of Oil Producing Assets in Canada
Ann: Acquisition of Oil Producing Assets in Canada, page-30
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