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Lynden Closes US$25.0 Million Sale of Oil and Gas Properties to Breitburn Energy Partners L.P.
By: Marketwired .
Dec. 28, 2012 12:14 PM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/28/12 -- Lynden Energy Corp. (TSX VENTURE:LVL) reports that the Company's wholly owned subsidiary, Lynden USA Inc., has completed the previously reported sale of 16 gross (7.0 net) Wolfberry Project wells and underlying leases covering approximately 1,440 gross acres (630 acres net to Lynden) for proceeds of US$25.0 million, subject to customary post-closing adjustments, to BreitBurn Energy Partners L.P. of Los Angeles, California.
ON BEHALF OF THE BOARD OF DIRECTORS
LYNDEN ENERGY CORP.
Colin Watt, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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