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Lightstream Sells Non-Core Assets For $90 Million

|Includes: Lightstream Resources Ltd. (LSTMF), PTORF

Lightstream Resources has entered in to an agreement with Spartan Energy to sell non-core assets in south-east Saskatchewan for C$98 million (US$90.4 million).

Assets overview

· 36,250 net acres of land (20,160 net undeveloped acres)

· 29 net low risk development drilling locations, including locations in Queensdale, Wordsworth and Crystal Hills

· Producing approximately 1 MBOE/d (96% liquids)

· Ownership of key producing infrastructure including batteries, pipelines and waterflood facilities

· 2P reserves of approximately 3.95 MMBOE (96% liquids), as of 31-Dec-2013

· 2P reserve metric of C$22.25/BOE, based on year-end-2013 reserves

· Average metric of $87,900/BOE for production

In Apr-2014, Lightstream Resources entered into an agreement with Freehold Royalties to sell its royalty interests in south-east Saskatchewan for C$111 million.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.