|Bid||0.015 x 0|
|Ask||0.020 x 0|
|Day's Range||0.015 - 0.015|
|52 Week Range||0.010 - 0.050|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VANCOUVER , July 12, 2018 /CNW/ - Canada Energy Partners Inc. (CE.V) (the "Company") is pleased to announce that it has signed a non-binding Letter of Intent for the sale of its Portage a-20-D Water Disposal Well in northeast British Columbia to an arm's length undisclosed buyer, for $1,050,000 , with $450,000 cash at closing and a $600,000 note bearing 5% interest, payable in equal monthly payments over 18 months. The disposal rights to 3 sections of land are included in the sale. The Company retains the disposal rights to 45 sections. The Company cannot drill another disposal well on its 45 sections for 3 years from the date of closing. The sale is subject to execution of a definitive binding agreement, TSXV acceptance, an acceptable injection test on the well and other standard environmental and operational due diligence. Closing is to occur prior to August 27, 2018 , unless extended due to regulatory delays.
BC Oil & Gas Commission Allows Resumption of Canada Energy Partners' Water Disposal Operations Upon Meeting Additional Conditions
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