MHRC on the OTC market Message Board

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Gold/Mining/Energy : MHRC on the OTC market

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From: JakeStraw	1/19/2011 10:00:37 AM
	of 188

Magnum Hunter Resources to Acquire Williston Basin Focused NuLoch Resources for $327 Million (USD) finance.yahoo.com NuLoch Resources, Inc. is a Canadian public oil and natural gas producer with its headquarters located in Calgary, Alberta. NuLoch is actively developing its existing property portfolio in North Dakota and Saskatchewan, predominately in the evolving Bakken-Three Forks Sanish formations of the mid-continental Williston Basin in the United States and Canada. NuLoch owns various ownership interests in approximately 67 wells with productive capacity and has six drilling rigs currently drilling new wells in the United States and Canada. Nuloch has assembled largely contiguous blocks of mineral lease acres (71,600 net), with approximately 32,900 net acres located in Divide and Burke Counties, North Dakota and approximately 38,700 net acres located in southeast Saskatchewan. NuLoch also owns additional producing properties in Alberta containing approximately 50,680 net lease acres.

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