TSX VENTURE COMPANIES:
ARCTIC HUNTER ENERGY INC. ("AHU")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 20, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Farmout and Participation Agreement dated May 23, 2014 between the Company and Petrocapita Oil and Gas L.P. ("Petrocapita") whereby the Company will participate with Petrocapita to spud one test well near Lloydminster, Alberta by July 1, 2014. The Company will pay 50% of Petrocapita's cost (anticipated to be $500,000) to drill, complete and equip or abandon the test well to earn a 30% net interest. Petrocapita will be the operator.
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