Solara Buys 60%

Solara Exploration Ltd. (Toronto Venture: SAA.A) has purchased 60% working interest in the heavy oil Marwayne Dewberry property for $4.3 million in cash and shares.

The interest acquired by Solara was held by the Marwayne Production Limited Partnership and included a 60% working interest in existing leases, petroleum and natural gas rights, tangibles and wells in Section 16-53-4 W4M. Solara now has a 100% working interest in its Marwayne Dewberry property.