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/EIN News/ CALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE)
(PIPE – TSX) Pipestone Energy Corp. (
“Pipestone” or the
“Company”) is pleased to provide an update on its production and operations, as well as report its year-end 2020 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“
McDaniel”) with an effective date of December 31, 2020 (the “
McDaniel Report”).
Since inception, Pipestone has continued to demonstrate leadership in combining capital cost efficiencies with highly productive wells in the condensate-rich Alberta Montney play. This is reflected in the past year’s significant growth in reserve volumes and continued reduction in future development costs (“
FDC”).
Production & Facilities:
Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTC: TCFF) (Frankfurt: 3P2N) is please to provide an update on the Company’s
Tourmaline Completes Strategic Acquisition of Jupiter
Tourmaline Oil Corp. is pleased to announce the completion of its previously announced acquisition of Jupiter Resources Inc. whereby it acquired all of the issued and outstanding shares of Jupiter for total consideration of approximately $630.0 million comprised of 24.2 million Tourmaline common shares, and the assumption of net debt of approximately $200.0 million inclusive of all transaction costs. The Jupiter …
Tourmaline Oil Corp. (TSX: TOU) (“Tourmaline” or the “Company”) is pleased to announce the completion of its previously announced acquisition of Jupiter Resources Inc. (“Jupiter”) whereby it acquired all of the issued and outstanding shares of Jupiter for total consideration of approximately $630.0 million comprised of 24.2 million Tourmaline common shares, and the assumption of net debt of approximately $200.0 million inclusive of all transaction costs.
Tourmaline Completes Strategic Acquisition of Jupiter
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CALGARY, AB, Dec. 18, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ( Tourmaline or the Company ) is pleased to announce the completion of its previously announced acquisition of Jupiter Resources Inc. ( Jupiter ) whereby it acquired all of the issued and outstanding shares of Jupiter for total consideration of approximately $630.0 million, comprised of 24.2 million Tourmaline common shares, and the assumption of net debt of approximately $200.0 million, inclusive of all transaction costs.
The Jupiter acquisition, accretive on both a cash flow
(1) and free cash flow
(2) basis, adds approximately 67,000 boepd of average production in the Alberta Deep Basin with strong overall liquid production, currently 20,000 bpd (condensate and NGLs), estimated 2P reserves