UPDATE 2-Crescent Point to buy TriAxon for C$231 mln

* Offers 0.18 of Crescent Point share for one TriAxon share

* Also to assume C$17.3 mln of TriAxon debt

* Crescent Point shares up about 2 pct (Adds details, analyst comment, updates share movement)

By Ashutosh Joshi

BANGALORE, Nov 9 (Reuters) - Canada's Crescent Point Energy Corp (CPG.TO) said it agreed to acquire privately held TriAxon Resources Ltd for about C$231.4 million, mainly to expand its asset base in Bakken and Viking light oil resource plays in Saskatchewan.

The Calgary-based oil explorer said it would offer 0.18 of its shares for each TriAxon share and assume about C$17.3 million of TriAxon's net debt.

Crescent Point said TriAxon's assets have a production of more than 1,400 barrels of oil equivalent a day (boe/d), and include more than 148 net sections of undeveloped land in the Viking light oil resource play in the Plato area of west central Saskatchewan.

TriAxon also has assets in Pembina Cardium play in Alberta and operates the Flat Lake Bakken play, in which Crescent Point currently holds a working interest.

CIBC analyst Brad Borggard said that the deal continues to get Crescent Point into different oil resource plays in Canada.