Pardee Resources Co. (OTCPK:PDER) acquired 400,000 acres of oil and gas mineral interests located in West Virginia, Virginia and Kentucky for $60.1 million on December 20, 2013. The transaction was financed through available cash. The deal is expected to be immediately accretive to earnings.

Pardee Resources Co. (OTCPK:PDER) completed the acquisition of 400,000 acres of oil and gas mineral interests located in West Virginia, Virginia and Kentucky on December 20, 2013.