Monday, July 26, 2010

Delta Petroleum plans $130M asset sale


Delta Petroleum Corp. -- which earlier this month had a major planned asset sale fall through -- said Monday it has reached a new deal to sell off another package of assets for $130 million to pay down debt.

The Denver oil and gas company (NASDAQ: DPTR) said it has reached agreement with Wapiti Oil & Gas LLC to sell various "non-core assets." The deal is expected to close next month, Delta said.

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