2009-10-28-2009-09-29

To buy interests in Parkman, Saskatchewan, gaining 11 BOE/d.

Sharon Energy Ltd., Calgary, (Toronto Venture: SHY) plans to sell its interests in its Parkman, Saskatchewan, property for C$600,000. Net production is 11 barrels of oil per day. Sharon estimates the deal value at C$54,500 per flowing barrel. The effective date is Sept. 1. Proceeds will be used to increase Sharon's oil-focused exploratory development activities in Alberta and Saskatchewan.