Eagle Energy Trust (TSX:EGL.UN) signed an agreement to acquire 50% stake in Dixonville Montney "C" oil pool property from Spyglass Resources Corp. (TSX:SGL) for approximately CAD 100 million in cash on November 28, 2014. Spyglass will retain operatorship of the field. The acquisition will be funded with CAD 55 million of Eagle's available cash and the balance from Eagle's existing credit facility. The proceeds will be used to reduce bank debt and will reduce annual interest expense for Spyglass by approximately CAD 5 million. The sale is expected to close on December 18, 2014.

Eagle Energy Trust (TSX:EGL.UN) completed the acquisition of 50% stake in Dixonville Montney "C" oil pool property from Spyglass Resources Corp. (TSX:SGL) on December 18, 2014.