Arctic Hunter Signs Letter of Intent FOR the Asset Purchase to Acquire a 25% Working Interest IN Three (3) Heavy Oil Wells with Brahma Resources Ltd. Situated Near Lloydminster, Saskatchewan ____________________________________________________________________________________
ARCTIC HUNTER ENERGY INC.
c/o Suite 1200 - 750 West Pender Street ∙ Vancouver ∙ British Columbia ∙ V6C 2T8
Telephone: (604) 681-3131
NEWS RELEASE
November 12th, 2019 TSX-V Trading Symbol: AHU
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ARCTIC HUNTER SIGNS LETTER OF INTENT FOR THE ASSET PURCHASE TO ACQUIRE A
25% WORKING INTEREST IN THREE (3) HEAVY OIL WELLS WITH BRAHMA RESOURCES
LTD. SITUATED NEAR LLOYDMINSTER, SASKATCHEWAN
____________________________________________________________________________________
VANCOUVER, B.C. - Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the
“Company”) announces that it has negotiated and entered into a non- binding letter of intent for a 25%
working interest i n a three well heavy oil asset purchase, pursuant to which the Com pany will acquire
three (3) fully -equipped heavy oil wells from Brahma Resources Ltd., situated near Maidstone,
Saskatchewan for the approximate purchase price of CDN$75,000. The transaction will be subject to
final due diligence, a site visit and the usual industry adjustments, such transaction having an anticipated
completion date of on or before January 15, 2020.
ABOUT ARCTIC HUNTER – OIL AND GAS PRODUCTION
The Company is a Canadian Oil & Gas exploration and development company that identifies, and
finances the acquisition, exploration and development of oil and gas assets primarily situated in Western
Canada and the San Joaquin Valley, Ca lifornia. The Company is a junior heavy oil producer in the
greater Lloydminster area of Alberta & Saskatchewan. The Company is constantly reviewing future
production and exploration opportunities and selective property acquisitions and identifying low ri sk
exploration drilling opportunities situated in Canada, the United States and abroad.
The Company has qualified management and has an Oil & Gas team of professionals seasoned in
production, field exploration and drilling. The Company has the necessary m anpower in place to develop
its natural resource properties and manage its production properties. The Company is committed to
minimizing risk through the selective acquisition, exploration and development of petroleum and natural
gas resource assets.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO
Arctic Hunter Energy Inc.
Tel: (604) 681-3131
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Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.