MAPLE LEAF ENERGY INC., Vancouver, B.C., committed $7 million (Canadian) to Strike Energy Inc. to use for lease acquisition, exploration, and development in return for undisclosed guarantees. Strike will retain at least a 75% interest in the leases at the end of 3 years. Meanwhile, Strike acquired Sabre West Oil & Gas Ltd. for $4 million. Sabre's main assets are in Luseland and Success oil fields of southern Saskatchewan.

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive


More in Companies