Eagle Energy Trust Announces Completion of $26.3 Million Acquisition of Producing Oil Assets in Texas and Increase to Credit Facility

(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 11/25/13 -- Eagle Energy Trust (TSX: EGL.UN) is pleased to announce the closing of its previously announced acquisition (the "Acquisition") of producing petroleum properties in Hardeman County, Texas (the "Acquired Assets"). The purchase price of the Acquired Assets was $US 26.3 million, subject to closing adjustments. The Acquisition was fully funded under Eagle's credit facility. In conjunction with the closing of the Acquisition, Eagle has also received final approval from its lenders with respect to an increase in the borrowing base under its revolving credit facility to $US 80 million from $US 70 million, plus a new one-year non-revolving credit facility of $US 10 million.

About Eagle Energy Trust

Eagle is an oil and gas energy trust created to provide investors with a publicly traded, oil and natural gas focused, reliable distribution paying investment, with favourable tax treatment relative to taxable Canadian corporations.

All material information pertaining to Eagle Energy Trust may be found under Eagle's issuer profile at or on Eagle's website at .



Contacts:
Eagle Energy Trust
Richard W. Clark
President and Chief Executive Officer
403.531.1575

Eagle Energy Trust
Kelly Tomyn
Chief Financial Officer
403.531.1574

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Bereitgestellt von Benutzer: Marketwired
Datum: 25.11.2013 - 16:27 Uhr
Sprache: Deutsch
News-ID 320076
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CALGARY, ALBERTA

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Oil & Gas

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