Sure Energy Inc. (SHR.TO) announced that it has sold its Beaverhill Lake land interests and approximately 60 barrels of oil per day of associated production for $9 million. The deal closed on June 28, 2012 and is effective June 1, 2012. As a result of this disposition and the adjustment to the current price deck, the Company's revolving credit facility will be reduced to $30 million from $33 million. The company will retain its operating demand loan of $7 million to give it a total $37 million bank credit facility.Operations Update.
The Company purchased 6,400 acres of additional land on its heavy oil play at Hatton in SW Saskatchewan at the June 4th, 2012 Crown landsale. It plans to drill one exploration well on these lands in 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.