An undisclosed buyer acquired oil and gas interests in salt flat field from Eagle Energy Inc. (TSX:EGL) for CAD 33.3 million on February 8, 2018. The consideration was paid in cash and is subject to customary post-closing adjustments. Eagle will use the net proceeds from the sale of the salt flat field to reduce outstanding debt under the secured term loan and to further fund its drilling program in north Texas. Detring Energy Advisors acted as financial advisor to the management and board of directors of Eagle. An undisclosed buyer completed the acquisition of oil and gas interests in salt flat field from Eagle Energy Inc. (TSX:EGL) on February 8, 2018.