Rifle Shot Oil Corp. acquired Redwater assets from Petromin Resources Ltd. (TSXV:PTR) on September 17, 2016. Under the terms of the agreement, the consideration payable by Rifle shall be an absolute discharge and forgiveness of all monies outstanding and owing for all lease operation and all capital charges both incurred or intending to be incurred. Rifle shall also indemnify and hold harmless Petromin from all Abandonment and Reclamation Obligations including a recent Abandonment Notice from the Operator for well 09-36-055-21 W4 and Environmental Damages whether current, prior or subsequent to the effective date. Petromin will retain their 18.2% working interest in the Viking formation on these lands. Rifle Shot Oil Corp. completed the acquisition of Redwater assets from Petromin Resources Ltd. (TSXV:PTR) on September 17, 2016.