2010-03-10-2010-02-08-2010-02-08

Transaction Type
Sellers
Buyers
Announce Date
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Close Date
Estimated Price
MM
Description

Acquired 4,000 acres in Bakken shale in Williams & McKenzie counties, ND.

Triangle Petroleum Corp., Calgary, (Toronto Venture: TPE; OTCBB: TPLM) has acquired 4,000 net acres in Williams and McKenzie counties, North Dakota, from an undisclosed seller. Financial terms of the transaction were not disclosed.

The properties represent Triangle's first acquisition in the Bakken shale play, which the company has established as its core area of operations in the U.S.

Triangle and privately held, Wichita, Kan.-based Slawson Exploration Co. Inc. have formed a joint venture to acquire and develop properties from the Middle Bakken and Three Forks formations of the Williston Basin.

Triangle, founded in 2006, also owns approximately 475,000 gross acres (413,000 net acres) in the Windsor Block of Nova Scotia.