American Standard Announces Another Acquisition in the Bakken, North Dakota, USA

Ticker: ASEN.OB

Link here for most recent acquisition, announced April 12, 2011:

• Acquired 2,780 acres, Mountrail County
• Average paid: $669/acre
• Total transaction price: $1.9 million (rounded)
• Total Bakken acreage after this transaction closes: 18,900 acres

Acquisition prior to this one, dated March 2, 2011.

• Acquired 10,148 acres, located within 8 counties of North Dakota
• Seller: Geronimo Holding Corporation
• Average price paid: $725/acre
• Single largest Bakken acquisition to date for American Standard
• Following that acquisition: 16,000 acres

Previous acquisition in the Bakken, dated December 1, 2010.

• In this transaction, acquired 367 acres plus 26 additional gross wells

There are no websites for ASEN.OB.

Eastern Mountrail county has not been very productive to date; without knowing where their acreage is, one cannot comment on the price paid (<$1,000/acre) for their most recent acquisitions.