Junex (CVE: JNX) and Cuda Energy Inc. have announced a strategic business partnership, which will operate under the name Cuda Oil and Gas Inc.

The newly formed Cuda Oil and Gas has also announced it has entered into an agreement to acquire 25,000 gross acres of high growth light oil asset in the Powder River Basin in Wyoming from an undisclosed party for a consideration of $37 million.

These assets are currently producing approximately over 1,000 BOE/d of high netback (92% light oil) production entirely from the Shannon formation. Cuda ha...


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