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Craft Oil Ltd. Announces Closing of Disposition of Oil and Gas Assets

Craft Oil Ltd. ("Craft" or the "Company") is pleased to announce that it has closed the previously announced sale of non-core assets (the "Disposition"), comprised of approximately 410 boe per day (weighted 95% natural gas), in the Judy Creek / Thornbury and Portage area, to Point Loma Resources Ltd. ("Point Loma"). Pursuant to the Disposition, Craft received 3.35 million common shares of Point Loma (the "Shares"), at a deemed price of $0.40 per Share. The consideration received by the Company w

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