Bellatrix Exploration Ltd. (TSX:BXE) entered into a definitive agreement to acquire West Central Alberta Core Ferrier Area complementary assets of POSCO Daewoo E&P Canada Corporation for approximately CAD 9.5 million on November 23, 2018. Total consideration includes CAD 1.75 million in cash and 6.75 million shares of Bellatrix Exploration. The acquisition includes production volumes from 61 gross (19.6 net) producing wells and acreage originally acquired by Daewoo International Corporation and Devonian Natural Resources Private Equity Fund in 2013, and subsequently jointly developed with Bellatrix Exploration. The transaction is expected to complete on or before November 30, 2018.