Emerald Oil Closes Sale of Certain Non-Operated Assets
On January 11, 2016, Emerald Oil, Inc. (the “Company”) (NYSE MKT: EOX) and two of its wholly owned subsidiaries closed the sale of a portion of the Company’s undeveloped leaseholds in Montana and North Dakota, consisting of approximately 9,750 net acres, as well as certain production from non-operated wells, for $9.75 million. The Company used all proceeds to repay outstanding borrowings
