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Bellatrix says Korean partner fails in JV

June 3, 20133:13 PM BOE Report Staff

Bellatrix

CALGARY – Bellatrix Exploration Ltd. said it called off a $300-million joint venture after a South Korean partner failed to meet the closing conditions.

The company announced the deal in January which would have seen both sides contribute $150 million for an 83 well project.

The South Korean partner was not identified.

Bellatrix said it will now consider alternative partners for the proposed Ferrier area Cardium joint venture.

Bellatrix Exploration

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