Aug 2 (Reuters) - Quattro Exploration And Production Ltd QXP.V
* Quattro signs letter of intent to sell oil and natural gas properties in western Canada for $24,250,000
* Intends to apply proceeds from sale to a combination of liabilities
* Upon closing of sale, sees average production will be about 1,200 barrels per day on an annualized basis in 2016 Source text for Eikon: ID:nGNXMZEDEa Further company coverage: QXP.V
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