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Slide #45. ROOSTER ENERGY LTD. — Cochon Properties, LLC, and Morrison Well Services, LLC
ROOSTER ENERGY LTD. (COQ.CA)
Cochon Properties, LLC, and Morrison Well Services, LLC
ROOSTER ENERGY LTD. (the "Company" or "Rooster") (www.roosterenergyltd.com) (TSXV: COQ) announced today that it has entered into: (i) a membership interest contribution agreement (the "Cochon Agreement") dated March 7, 2014 with the members of Cochon Properties, LLC ("Cochon") to acquire 100% of the membership interests in Cochon for consideration of US$30 million (the "Cochon Acquisition"); and (ii) a membership interest contribution agreement (the "Well Services Agreement" and, together with the Cochon Agreement, the "Agreements") dated March 7, 2014 with Morrison Energy Group, LLC, ("MEG") to acquire 100% of the membership interest in Morrison Well Services, LLC ("Well Services") for consideration of US$95 million (the "Well Services Acquisition" and, together with the Cochon Acquisition, the "Transaction").
Probe Resources Ltd. is an oil and natural gas company involved in the exploration, development and production of oil and gas activities. Co.'s principal properties consist of interests in three producing oil and natural gas properties and seven federal oil and natural gas blocks located in the United States Gulf of Mexico.
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