PRIZE ENERGY ENTERS INTO AGREEMENT WITH CANADIAN NATURAL RESOURCES.CALGARY, Alberta Alberta (ălbûr`tə), province (2001 pop. 2,974,807), 255,285 sq mi (661,188 sq km), including 6,485 sq mi (16,796 sq km) of water surface, W Canada. Land and PeopleAlberta is bounded on the E by Saskatchewan, on the N by the Northwest Territories, on the W by British Columbia, and on the S by Montana.--(BUSINESS WIRE)--May 3, 1995--PRIZE ENERGY INC. (Alberta Stock Exchange: PZI PZI - Protamine Zinc Insulin ) Prize Energy Inc. (the "Corporation") announced today that it has entered into an Agreement with Canadian Natural Resources ("CNR") for the sale of ceratin oil and gas properties in the Worsley area of Northern Alberta. The transaction closed on April 28, 1995 and the sale price was $2,450,000. The net sale proceeds will be used to pay down the Corporation's credit facility. As a result of the disposition, the Corporation has decreased production by approximately 170 barrels of crude oil per day. Prize Energy Inc. trades on The Alberta Stock Exchange under the symbol PZI. THE ALBERTA STOCK EXCHANGE NEITHER APPROVES OR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN. CONTACT: E.C.(Ted) McFeely, 403/294-1411 |
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