• PrimeWest Energy Trust, Calgary, plans to acquire properties in Alberta for about C$206 million in cash. The assets are primarily in the Caroline and Peace River Arch areas of Alberta and are producing approximately 6,500 BOE per day. Total proved reserves are estimated at 14.82 million BOE. The price per BOE of established reserves is C$10.86, according to PrimeWest. • Acclaim Energy Trust, Calgary, is acquiring Elk Point Resources Inc., Calgary, for C$174 million in cash and stock. Elk's production is approximately 6,200 BOE per day. The assets are mainly in west-central Alberta and a few are in the U.S. • Abraxas Petroleum Corp., San Antonio, Canadian subsidiaries Canadian Abraxas Petroleum Ltd. and Grey Wolf Exploration Inc. plan to sell reserves and processing plants in western Canada for approximately C$138 million. The assets include approximately 60 billion cu. ft. of gas equivalent of net proved reserves and production of 4,500 BOE per day. The price per thousand cu. ft. of proved reserves is C$2.30 and the price per flowing bbl. of oil is C$30,000, according to Abraxas. Abraxas will retain some production and most of its undeveloped acreage in Canada, including all of its interests in the Ladyfern area.

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