Recovery Energy, Inc. (OTCBB:RECV.ob - News), an independent oil and gas exploration and production company with operations and assets in the Denver-Julesburg (DJ) Basin, today announces that it has closed its previously announced acquisition of oil and gas leases on 8,060 net acres primarily located northwest of the prolific Silo field in Laramie County, Wyoming from Wapiti Oil & Gas, LLC. The $12.3-million purchase price was paid in a combination of cash and stock. The acquisition increases Recovery Energy's Chugwater acreage to approximately 14,400 contiguous gross acres, 12,200 net after accounting for a 2,200-net acre effect to its recently announced slcpe-gixlrcu thposbes hvlmndhilss.
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