Impact: Positive. The non-core disposition aligns with corporate strategy to focus on its Banff/Detrital asset at Michichi while helping to reduce the Company's current debt and future asset retirement obligations without sacrificing much in the way of cash flow generation.

04 May 2016
ANNOUNCES SALE OF NON-CORE SHALLOW GAS ASSET

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ANNOUNCES SALE OF NON-CORE SHALLOW GAS ASSET
Impact: Positive. The non-core disposition aligns with corporate strategy to focus on its Banff/Detrital asset at Michichi while helping to reduce the Company's current debt and future asset retirement obligations without sacrificing much in the way of cash flow generation.