Next Millennium Acquires Petroleum and Natural Gas Rights in Utah and Colorado
12 Junio 2008 - 7:30AM
Marketwired Canada
Next Millennium Commercial Corp. ("Next Millennium") (TSX VENTURE:NM) is pleased
to announce that it has entered into an agreement with Eternal Energy Corp. to
acquire a 50% working interest in and to 5,950 net acres of petroleum and
natural gas leases in eastern Utah and western Colorado together with all well
data, log analyses and other information respecting the play. The purchase price
is US $1,190,160 payable on closing. The company has also agreed to grant to the
sellers an overriding royalty on production from the properties at a rate which
is variable based on other pre-existing royalty on the properties and which will
result in Next Millennium having an 80% interest in its 50% working interest in
the properties.
This acquisition is subject to TSX-V approval.
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