Nextraction Energy Corporation (TSX VENTURE:NE) and its wholly-owned subsidiary, Nextraction Energy Inc. , announced it has acquired an additional 1,023 acre leasehold in the northern region of the Pinedale Anticline, Wyoming.

The press release is quoted as saying:

The leasehold area lies within two miles of Nextraction’s recently completed Noble 6-24 well. Nextraction acquired the leasehold for $40 per net mineral acre, for a five year term. With this acquisition, Nextraction now owns the rights to develop 3,574 acres in the North Pinedale Anticline region. Nextraction has also acquired the leasehold rights to a sixty percent (60%) interest to 360 acres contiguous to its current acreage position. The lease will become effective within ninety (90) days and upon obtaining clear title.

Click here to access the entire press release

Click here to access Nextraction Energy Corporation Corporate Site

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