July 24 (Reuters) - Cuda Oil and Gas Inc CUDA.V :
* CUDA OIL AND GAS INC. ANNOUNCES AGREEMENTS TO SELL ALL OF ITS QUEBEC ASSETS FOR A TOTAL TRANSACTION VALUE OF $10.59 MILLION
* DEAL INCLUDES CASH CONSIDERATION AT CLOSING OF CAD $4.29 MILLION
* LIGHT OIL CHARGED UNCONVENTIONAL RESERVOIRS WITHIN CRETACEOUS STACK "HIGHLY PROSPECTIVE"
* MOVING FORWARD, WILL FOCUS ON DEVELOPING HIGH NETBACK CONVENTIONAL LIGHT OIL ASSETS & SECONDARY RECOVERY MISCIBLE GAS FLOOD IN CONVERSE COUNTY