Agoracom: Small Cap Investment - Compton Petroleum Corporation - Natural Gas prices have firmed and risen today

Welcome To The Compton Petroleum Corporation HUB On AGORACOM

Compton Petroleum Corporation is an independent, public company actively engaged in the exploration, development, and production of natural gas, natural gas liquids, and crude oil in the Western Canada Sedimentary Basin.

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Natural Gas prices have firmed and risen today

posted on Jul 15, 2010 12:34PM

Below information is from Compton’s Press Release dated today.

Compton closes final $35 million asset sale transaction

Canada NewsWire

CALGARY, July 15 /CNW/ - Compton Petroleum Corporation (TSX - CMT) is pleased to announce that it has completed the final portion of the sales transactions from its previously announced disposition of a portion of its assets in the Niton and Gilby areas in Central Alberta. Proceeds from this transaction were $35 million. FirstEnergy Capital Corp. acted as a financial advisor to Compton with respect to the asset sale.

Gross proceeds from the two sales transactions were $150 million, including those from the first sales which closed at the end of June. Proceeds will be used to reduce outstanding indebtedness and provide additional capital for Compton's 2010 development program

I noticed that Natural Gas prices have firmed and risen today just after the announcement,,,,,,is there a coincidence?

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