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CP Exploration To Sell Off Interest In Bakken/Three Forks - Monday, January 24, 2011

CP Exploration has retained BMO Capital Markets to sell all of its interests in the Bakken and Three Forks trend areas in North Dakota.

The assets include average working interest of 10% (up to 26%) in 23,232 gross acres (15,550 net) of federal leasehold in major trend areas of the plays including the Rough Rider area and the Nesson, Little Knife and Billings anticlines.  The properties have 19 wells in production, eight wells in various drilling and completion stages and five additional locations with current authority for expenditure.

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