VANCOUVER, BC (September 13, 2011) Clearlease Financial Reports Celtic Exploration Ltd. (TSX:CLT) is adding $30 million to its 2011 capital spending budget, which will grow to $270 million, the Calgary-based oil and gas company announced Monday Sept 12, 2011.
Half of the increase ($15 million) will be spent for facilities, equipment and pipelines. A further $12 million will be added for land and seismic acquisitions and $3 million for reduced proceeds from dispositions..
The total budget rises to $270 million from $240 million.
Celtic said it has recently increased its land holdings at Resthaven, southeast of Grande Prairie, Alta.
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