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Cenovus Energy (NYSE:CVE) agrees to sell its Shaunavon tight oil asset in Saskatchewan to Surge...

Jun. 11, 2013 5:01 PM ETCenovus Energy Inc. (CVE) Stock, CVE:CA StockCVE, ZPTAFBy: Carl Surran, SA News Editor2 Comments

Cenovus Energy (NYSE:CVE) agrees to sell its Shaunavon tight oil asset in Saskatchewan to Surge Energy (OTCPK:ZPTAF) for $240M. Shaunavon consists of 54 sections of land and produces ~3,600 bbl/day of oil. CVE says its Bakken Shale asset remains on the market.

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