The properties include oil and gas assets in Alberta and Saskatchewan, along with the Canadian resource tax pools related thereto.
The assets currently produce approximately 170 barrels of oil equivalent per day.
Stetson said that the proceeds of the sale will provide the company with funds to investigate, assess and pursue the acquisition of international oil and gas exploration and production opportunities on a go forward basis.
Stetson is an oil and gas company with production, exploration and development programs in Saskatchewan and Alberta, Canada and in North Dakota, US.
