Oct 1 (Reuters) - Fremont Petroleum Corporation Ltd FPL.AX :
* EXECUTED ASSET PURCHASE AGREEMENT WITH TREY EXPLORATION
* FPL WILL ASSUME OWNERSHIP WITH TREY'S TEAM CONTINUING TO OPERATE LEASES
* AGREEMENT TO ACQUIRE TREY'S PORTFOLIO OF OIL LEASES
* PURCHASE PRICE OF US$1.9M