2010-05-18-2010-04-13

To acquire oil assets in Saskatchewan, gaining 1 MMBOE proved.

Renegade Petroleum Ltd., Calgary, (Toronto Venture: RPL) plans to acquire assets in southeastern Saskatchewan from Seaview Energy Inc., Calgary, (Toronto Venture: CVU) for C$33 million in cash.

The acquisition includes assets in Alameda, Rocanville, Steelman and Wapella. Year-end 2009 proved reserves are estimated at 1 million barrels of oil equivalent, while proved plus probable reserves total 1.3 million barrels of oil equivalent (98% oil).

Seaview says it plans to increase its focus on new resource plays while continuing to develop its Peace River Arch assets.

National Bank Financial Inc. is strategic advisor to Seaview.GMP Securities LP is financial advisor to Renegade.