May 26, 2016 / 12:02 AM / a year ago

BRIEF-Emerald Oil enters into purchase agreement with CL Energy

May 25 (Reuters) - Emerald Oil Inc

* Under terms of agreement, substantially all of assets would be sold for approximately $73.0 million

* Final agreement is also subject to approval of bankruptcy court

* Emerald Oil enters into stalking horse asset purchase agreement with CL Energy opportunity fund, L.P. and SSC Emerald LP Source text for Eikon: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)

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