The acquisition is expected to close on or about 25 November, 2013, with an effective date of 1 October, 2013.
Eagle Energy Trust president and CEO Richard Clark said the company is adding a low decline oil-focused asset to the Eagle portfolio.
"Like our previous acquisitions, this Acquisition adds a high field netback, cash flow producing asset, which provides upside through a low risk drilling inventory," Clark added.
The Assets maintain Eagle’s focus on oil production located in close proximity to refineries, enhance the long-term sustainability of Eagle’s asset base and represent an accretive acquisition for our unitholders without stretching our balance sheet."
