CGrowth Capital, Inc. announced that it has completed a Purchase and Sale Agreement for the remaining 80% Working Interest in the assets and wells located on the Company's Wyoming oil leases. The acquisition includes 41 wells (some currently producing and some non-producing) along with the associated fixtures, pumps, and tanks for the current field operation on the leases located in the Powder River Basin. The Company closed the PSA through the assumption of certain debts of the seller.

The purchase follows the closing of the valuable ground leases, along with the original 20% Working Interest in a majority of the existing field operations, which occurred during the third quarter of 2013. The acquisition now provides the Company with control of the field operations, allows them to provide direction and prioritization of the field development, and gives the Company nearly 100% Working Interest in the oil production from the fields. The Company has significantly increased its revenue potential in the field by increasing its overall Working Interest from 20% to nearly 100%.