2009-05-20-2007-06-01-2007-07-01

Bought nonproducing assets in AB.

Stylus Energy Inc., Calgary, (Toronto: STY) has sold certain nonproducing, noncore assets to an undisclosed buyer for C$12 million in cash. The assets represent approximately 5% of the undeveloped land and its total proven and probable reserves as of Dec. 31. There is no production associated with the assets, and the properties generated other income of approximately C$180,000 in the first quarter. Proceeds were used to reduce bank debt.