Vancouver's Ryland Oil Corp. (TSX-V:RYD) has acquired Calgary-based Viceroy Resources Ltd., a privately owned oil and gas exploration company, in a $2 million deal.
The acquisition gives Ryland a 50% working interest in Crown petroleum leases covering approximately 4,320 acres in southeast Saskatchewan. The land includes five wells, two of which are producing wells that have an average daily production of 15 barrels.
The Viceroy site is beside Ryland's property, which is being drilled.
Ryland's share price range during the past week: between $0.65 and $1.16; 52-week high: $2.52; 52-week low: $0.63.