Fremont Petroleum Corporation Ltd (ASX:FPL) agreed to acquire remaining 85% stake in Magnum Hunter Production, Inc. for $0.43 million on March 9, 2021. Fremont Petroleum Corporation intends to keep the current Magnum Hunter team fully employed. Transaction closing is anticipated by end of March 2021. This announcement has been authorised by the Board of Fremont Petroleum Corporation Ltd. Fremont Petroleum Corporation Ltd (ASX:FPL) completed the acquisition of remaining 85% stake in Magnum Hunter Production, Inc. on March 31, 2021.