Vintage Petroleum selling some Canadian interests

Vintage Petroleum Inc., Tulsa, closed the sale of certain non-strategic oil and gas interests in Saskatchewan for $14.9 million (Can.). Separately, Vintage also announced the sale of non-strategic properties in Alberta for $24.2 million.

June 19, 2003

By OGJ editors
HOUSTON, June 19 -- Vintage Petroleum Inc., Tulsa, has closed the sale of certain non-strategic oil and gas interests in Saskatchewan, Canada, and also is selling non-strategic properties in Alberta for $24.2 million.

The Saskatchewan sale to a private Canadian company remains subject to post-closing adjustments.

Vintage said the Alberta property transactions remains subject to normal closing conditions and adjustments. The transaction is expected to close by July 15. The buyer was not identified.

Current net production from the Saskatchewan and Alberta properties is 5,200 Mcfd of natural gas and 195 b/d of oil, Vintage said.