2010-09-15-2010-09-10-2010-09-10

Acquired assets in the Greater Simonette and Kaybob areas in the Alberta Deep Basin, gaining 2,100 BOE/d, 11.2 MMBOE proved.

Cequence Energy Ltd., Calgary, (Toronto: CQE) has acquired certain assets in the Alberta Deep Basin from an undisclosed publicly traded oil and gas company for approximately C$85 million in cash.

The assets have opportunities in the Greater Simonette and Kaybob areas of Alberta targeting the Gething, Wilrich and Montney formations. The assets are complementary to core properties the company has acquired from Temple Energy Inc. in the Simonette area.

Production is approximately 2,100 barrels of oil equivalent per day. Estimated proved and probable reserves as of July 1 were 11.2 million barrels equivalent.