Mr. Scott Saxberg reports
CRESCENT POINT ENERGY ANNOUNCES CLOSING OF LIGHTSTREAM ASSET ACQUISITION
Crescent Point Energy Corp.'s previously announced agreement to acquire certain assets from Lightstream Resources Ltd. closed today. As a result, Crescent Point has acquired high-netback, low-decline, conventional oil production of approximately 3,300 barrels of oil equivalent per day and 76 net sections of land that are contiguous with Crescent Point's existing land base in southeast Saskatchewan and Manitoba. The company also acquired an additional 44 net sections of undeveloped fee-title land, much of which is located in an exciting new fairway that the company believes holds significant exploratory potential.
We seek Safe Harbor.
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