West Central Alberta-based Bellatrix Exploration Ltd. (ticker: BXE) announced today that it entered into an agreement with Grafton Energy Co. I Ltd.

The agreement states that Bellatrix will acquire all Grafton’s remaining assets in Bellatrix’s core Ferrier area for further development and production in the Spirit River formation.

Great Ferrier Area Core Spirit River Play Source: Bellatrix Exploration Ltd

 

Bellatrix’s interactions with Grafton go back to 2013, when Grafton acquired a portion of Bellatrix’s undeveloped land holdings in the Willesden Green and Brazeau areas of West-Central Alberta.

Under the current agreement, Bellatrix will acquire all remaining Ferrier-area assets earned by Grafton since 2013, which incl...


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